As part of the partnership, LV= GI will establish a team of Data Scientists and Data Engineers, who will be based at the university campus within the School of Engineering and Computing. Working together, teams from LV= and the University of Bristol will carry out research and development projects to better understand the possibilities presented by machine learning and AI. Collaborating with researchers from the Faculty of Social Sciences and Law, the team will also work to better understand the societal challenges and opportunities of digital technologies. Staff from the insurer will help supervise student projects, supporting young data scientists, as well as carrying out lectures to students and staff. Internships will also be available at the company, and work with University staff to explore development of a co-designed MSc programme.
As one of the UK’s top 10 Universities and a top five UK university for research, the University of Bristol boasts strong data science credentials. It works closely with the Jean Golding Institute for Data Science and Data Intensive Research and is a key member of the Alan Turing Institute for Data Science and AI, as well as having other industry and societal partners. The University was recently awarded ten EPSRC funded Centres for Doctoral Training - several of which incorporate data science research and training.
Bristol and Bath are also home to the largest number of digital and data workers outside of London.
Commenting on the partnership, Steve Treloar, LV= GI CEO, said: “We’re incredibly proud to help play a part in developing the data scientists of tomorrow. The University of Bristol is one of the best in the country with exceptionally strong expertise in the fields of data science and digital, so we’re excited to see what we can learn from one another and the synergies we can make. As an industry, it’s absolutely crucial that we recognise the dramatic leaps that technology has made in the past few years, and look at how we can harness that for the ultimate benefit of our customers. We are confident that this tie-up with the University of Bristol will be hugely beneficial for both parties and we’re excited to see what comes from it.”
Professor Guy Orpen, Deputy Vice-Chancellor for New Campus Development added: “We are delighted to develop this exciting multi-disciplinary relationship with LV=GI. The innovative nature of the relationship, spanning multiple faculties, research and teaching will provide an invaluable forum for tackling some of the greatest societal and economic problems of our time. Our students and staff will have a fantastic opportunity to work with and learn from an innovative sector leader. The partnership will be a key component in fulfilling our vision as we develop a world-class venue for research, partnership and innovation at our new Temple Quarter Enterprise Campus.”
The partnership with the University of Bristol is the latest development in the LV= General Insurance Digital Transformation Academy, an internally focused programme which aims to up-skill current and potential employees so that they can play an integral part in the new digital world of insurance.
Liverpool Victoria General Insurance Group Limited (LVGIG) is an LV= branded strategic partnership between LV= and Allianz Holdings Plc, following the sale of a 49% stake in LV=’s General insurance business on 28th December 2017, creating the UK’s third largest personal insurer with over £1.7 billion annual premium income and serving over 4 million customers.
LVGIG is a holding company employing over 3000 staff and incorporating two regulated insurance companies. Liverpool Victoria Insurance Company Limited (LVIC), registered in England and Wales number 03232514 and Highway Insurance Company Limited (HICO), registered in England and Wales number 03730662, both registered at County Gates, Bournemouth, BH1 2NF are part of the Liverpool Victoria Group of companies and are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. (LVIC FRN number 202965 and HICO FRN number 202972).
LV= and Liverpool Victoria are registered trademarks of Liverpool Victoria Friendly Society Limited and LV= and LV= Liverpool Victoria are trading styles of the Liverpool Victoria Group of companies.