Dive Temporary:
- AIG appointed Scott Hallworth as its chief digital officer efficient Sept. 1, the insurance company said Monday. Hallworth will report back to departing chief digital officer Claude Wade till Jan 1, when he’ll start reporting to CEO and chairman Peter Zaffino.
- Hallworth joins the insurance coverage big from HP, the place he most lately served as chief data and analytics officer. He held a number of management roles previous to HP throughout the monetary companies sector, together with stints at Fannie Mae, Capital One and Vacationers.
- The chief can be tasked with main AIG’s digital, knowledge and generative AI technique, with a concentrate on scaling the usage of the latter know-how throughout the corporate.
Dive Perception:
AIG has been executing on a modernization and cost-cutting program, referred to as AIG Subsequent, since 2023. The trouble outlined the aim of a $500 million reduction in yearly recurring spend by means of operational restructuring and know-how deployment.
Throughout an earnings call earlier this month, Zaffino listed the deployment of generative AI among the many successes of the cost-cutting plan.
“I am very happy to share that we have achieved our goals forward of schedule,” mentioned Zaffino, talking in the course of the firm’s Q2 2025 earnings name. “We actioned over $530 million of annual run charge expense financial savings with over $500 million realized by means of the second quarter.”
AIG restructured and simplified its underwriting and claims organizations with a view to speed up and scale knowledge, digital and generative AI adoption methods. As a part of AIG Subsequent, the insurer additionally overhauled its know-how infrastructure, sunsetting 1,200 legacy purposes within the course of.
The corporate labored to leverage giant language fashions, agentic AI and partnerships with AWS and Palantir to boost productivity in underwriting, Zaffino mentioned. AIG expects Hallworth’s mixture of industry-specific data and tech sector expertise to contribute to the following stage of its know-how journey.
“AIG has a robust basis in knowledge and digital innovation, and I’m excited to collaborate with the staff to leverage the continual developments in Gen AI to drive innovation and influence at scale,” Hallworth mentioned within the Monday announcement.
