Colonial Surety, a direct and digital insurer, announced the appointment of Jay Lee as chief technology officer, effective immediately.
In his new role, Lee will head the development of the Woodcliff Lake-based company’s artificial intelligence capabilities, with a focus on its direct, digital insurance platform. Using data science and machine learning, he will be designing and distributing innovative technology, making the entire Colonial Surety product suite instantly available online. He will also be responsible for building out and leading the company’s in-house technology team.
Lee joins Colonial Surety having worked with retail brands like Chanel, Marc Jacobs, Keurig and PepsiCo, as well as tech companies, including Google and Samsung. He is an expert at identifying, building and implementing AI strategies and technologies that improve customer experience, bolster profitability and drive tangible business growth.
“Technology is revolutionizing the insurance industry, driving both efficiency and innovation. At Colonial Surety, we’re proud to be a part of that change. Which is why we’re excited to announce Lee’s appointment as chief technology officer,” said Wayne Nunziata, president at Colonial Surety. “Lee’s extensive experience and leadership in technological innovations will be vital to the continued success of our direct online insurance platform. We look forward to the advancements he has in mind for our organization with respect to machine learning and AI that will make it easier and more efficient than ever for our customers to find, purchase and manage their insurance products.”