Case Study: a Montreal-based insurance company transforms predictive analytics with Lock Search Group

Montreal-based Insurance Company improves loss ratios by 8% with Lock Search Group

The Montreal-based insurance company sought to transform its operations through predictive analytics but faced the difficult challenge of hiring its first Head of Data Science. This role required a unique blend of deep technical expertise in machine learning, specific insurance domain knowledge, bilingual capabilities, and the leadership to build a new function. Lock Search Group was engaged to find this specialized talent in a competitive market.

Lock Search Group executed a targeted, bi-market search strategy to identify candidates bridging data science and insurance. Their solution assessed candidates on technical skills, domain knowledge, and cultural fit, ultimately placing a highly qualified data science leader. Within a year, this new hire built a team of four, implemented a predictive pricing model that improved loss ratios by 8%, developed a fraud detection system, and established a governance framework for AI, delivering a strong, measurable return on the investment.

Montreal-based Insurance Company