Jérôme Da Rugna (ESILV): “The insurance sector will benefit the most from the positive effect of Big Data”

by bold-lichterman

ESILV, (Léonard-de-Vinci engineering school) is an engineering school based in La Défense. Founded in 1995, the school trains its students in combined digital technologies in its four-specialization courses: computer science, mechanics, finance and energy. It is part of the Léonard de Vinci group which totals 3,500 students between its various schools L’EMLV (Leonardo da Vincin management school), IIM (Internet and Multimedia Institute) and DevSchool.

Frenchweb: What are the sectors in greatest demand for technological skills?

Jérôme Da Rugna, director of training at ESILV: The insurance and actuarial professions are going through a real revolution. Digital transformation, connected objects and of course Big Data are a major challenge for companies in the sector: the search for new “Digital & Actuarial” profiles is at the heart of the challenges. As of today, the actuary must integrate increasingly large and varied data into his risk and tariff calculations. This data is often unstructured and very difficult to process: data collected in bulk through connected objects is a perfect example.

At all levels of the insurer: customer relations, pricing, innovation and creation of new products, insurance data scientists must be able to create value by personalizing offers, while maintaining the historical and intrinsic pillar of insurance business that is mutualization.

What skills are needed for these new needs?

These new professions are based on two skills bases: the fundamentals of insurance and actuarial science and Big Data expertise. It is indeed essential to master the typology and the modalities of all actuarial risks as well as societal, economic or regulatory issues – the famous Solvency 2 reform of insurance companies. The other facet of these future experts relates to Big Data expertise, both scientific and technological. More than a statistician, it is expertise in machine learning, dataviz, NoSql, Hadoop, or Python that will be sought.

Which employers do you refer your students to?

In terms of employment, the insurance sector is one of the sectors that will benefit the most from the positive effect of Big Data. France and Europe have the largest insurance companies in the world and their entire ecosystem will also be positively impacted. The employers will therefore be, first and foremost, the insurance companies but also all the consulting and service companies in the insurance sector. Without forgetting the ESNs – Digital Services Company – which are systematically found at the heart of each technological project in insurance companies.

What is the salary to which these engineers can claim upon leaving their studies?

Recruitment firms estimate that the salary of a beginner varies between 45,000 euros and 60,000 euros gross up to 90,000 euros gross for an expert profile.

What are their prospects for development in these professions?

The beginner can very quickly develop in terms of responsibilities and salaries the expertise of his profession. Close to marketing, these new professions will also lead to professions closer to innovation and the creation of new products. Without forgetting that today, the “transfer window” of data scientists never closes! What his company does not offer, the employee is free to go and get it from the competitor.

Jerome Da Rugna is director of training atESILV (Ecole Supérieure d’Ingénieurs Léonard de Vinci), responsible for the MS Insurance, Actuarial and Big Data.

Frenchweb mobilizes and organizes the fifth digital employment week (# SEN5) throughout the week (portraits, interviews, job offers, round tables, etc.). The #SENFW operation, intended to promote employment opportunities in this sector, takes place every 6 months.

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Photo credit: LetItBe for ESILV