Truemag

  • Subscribe
    • New Subscription
    • Account Updates
    • Customer Service
  • News & Events
    • News
    • Events
  • Advertise
    • Media Kit
    • Reprints
    • Contacts
  • Editorial
    • Podcasts
    • Current Articles
    • Digital Editions
    • eNewsletter
    • Editor’s Desk
    • Edit Calendar
    • Contacts
  • Buyers Guide
    • Search
    • Sponsor Index
    • Vendor Update
  • Annual Software Ranking
    • Ranking Form
    • Annual Software Ranking
    • 2018 Software Ranking File Package

Carpe Data Launches New Commercial Data-as-a-Service Platform

9.19.19

Carpe Data, a provider of innovative emerging and alternative data products for the insurance industry, is pleased to announce the launch of a revolutionary new commercial dataset for property and casualty (P&C) insurance companies.

“With this launch, we’re delivering brand new data on more than 25 million businesses to commercial lines insurers,” said Max Drucker, CEO for Carpe Data. “Insurance companies now have a powerful new source for answering existing questions, as well as for evaluating many dimensions of risk not previously available.”

This Carpe Data platform launch provides P&C insurers access to a range of use cases that can be applied across the entire policy lifecycle via three distinct offerings:
• The Carpe Data Classification System provides more accurate classification categories enabling insurers to gain a clear sense of the specific activities the business actually conducts;
• Risk Characteristics offers an array of data points that identify current attributes of a business; and
• Next Generation Score and Indexes are predictive scoring mechanisms of various business dimensions made available by leveraging emerging and alternative data.

Available today, and already proven by the company’s existing customers, Carpe Data’s new commercial data platform immediately improves the accuracy of any P&C insurer’s underwriting of coverages for small and mid-size commercial companies across numerous lines of business while enhancing opportunities for automation and efficiency by increasing straight-through processing (STP). Carpe Data automatically delivers these powerful datasets, scores, and indexes via sub-second API integration directly to the underwriting insurer.

“The Carpe Data commercial dataset defines the rating factors of the future by providing real-time data which allows for faster and more accurate risk assessment,” said Drucker. “Alerting insurers to changes in relevant data through triggers that continuously monitor new and emerging data sources represents a significant shift from static or point-in-time snapshots of information to an environment where insurers can achieve truly automated underwriting.”

Founded in 2010 by experts with a heritage in insurance technology, and now with more than 40 customers globally, Carpe Data utilizes artificial intelligence (AI) to monitor social and web data, as well as alternative sources of unstructured data such as shopping cart or online purchase information, user reviews, and more to provide far greater specificity to insurers underwriting commercial business than traditional sources.

carpe.io.

Sep 19, 2009Cassie Balentine
Software eNewsletter, September 16, 2019Security Technology Leader TrackTik Announces Partnership with Clery Center
Product Centrics
TrueNAS Open Source Storage Platform brings Full Windows ACL Support to Linux

Fully featured Windows file system ACLs are well supported in TrueNAS 12.0 (CORE and Enterprise), but not generally supported by Linux. Thanks to some innovation, and sweat from the iXsystems engineering team, TrueNAS SCALE 21.08...

Driving Successful Digital Transformation Initiatives in 2022

Well, the end of the year is the perfect time to reflect on all the past year's activities and plan for the coming year. As we plan for 2022, one thing...

Recovery Platforms

Established in 2013, Imanis Data, previously Talena...

Data Driven Efficiency

Founded in 2003, Tableau is a public software company...

Updated Hitachi CRM

Building Product Manufacturers (BPM) require...

Quick Links
Untitled Document
SW500 SW500 SW500 SW500 SW500
2022 © Rockport Custom Publishing, LLC