StageAcq - Fin | Alive
About Carpe Data
Carpe Data provides next-generation predictive scoring and data products to P&C and life insurance companies. Leveraging the social web, online content, wearables, connected devices, and other forms of next-generation data Carpe Data's products enables insurers to more accurately predict risks and innovate with new products to meet changing customer habits. Carpe Data was founded in 2016 and is based in Santa Barbara, California.
Carpe Data's Product Videos
ESPs containing Carpe Data
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The insurance litigation probability market provides predictive analytics and risk assessment tools to insurance companies to help them assess the probability of litigation related to their insurance policies. This market uses various data analytics techniques to predict the likelihood of legal disputes and litigation related to insurance claims. By identifying potential sources of litigation and …
Carpe Data named as Outperformer among 14 other companies, including Shift, FRISS, and Gradient AI.
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Carpe Data's Products & Differentiators
Minerva - Measure & Predict
Within the Minerva data suite, scores and indexes are designed to continuously and consistently measure and predict. By applying various filters we know impact insurance outcomes, we distill our robust proprietary data into a suite of predictive and reliable indexes you can count on. Designed to be the underwriting and rating factors of the future, each index grants insurance carriers an entirely new perspective. Whether looking at general business performance, foot traffic, cyber risk or another offering, each index is tuned by business segment and geography. They can be used alone or incorporated into an existing flow to further inform your underwriting and pricing strategies.
Research containing Carpe Data
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CB Insights Intelligence Analysts have mentioned Carpe Data in 7 CB Insights research briefs, most recently on Jan 23, 2023.
Expert Collections containing Carpe Data
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Carpe Data is included in 2 Expert Collections, including Insurtech.
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Latest Carpe Data News
May 3, 2023
Carpe Data’s actionable insights will help Duck Creek’s customers reduce fraud, automate decision-making, improve pricing strategies, and make more informed underwriting and claims decisions. Carpe Data , a next-generation online data provider for insurers, and Duck Creek Technologies , a core system/insurance platform for the property/casualty industry, have partnered to integrate Carpe Data’s ClaimsX and Minerva products into Duck Creek’s claims and underwriting platforms. This partnership will provide Duck Creek’s customers with access to Carpe Data’s extensive range of actionable insights, helping insurers to reduce instances of fraud, automate and expedite decision-making processes, improve pricing strategies and make more informed underwriting and claims decisions. “Implementing datasets and protocols to combat fraud, eliminate waste and streamline processes can be a daunting and time-consuming challenge,” said Max Drucker, CEO of Carpe Data. “We are excited to collaborate with Duck Creek to make our Minerva and ClaimsX products available into their existing platforms and workflow. Through this partnership, customers will be able to unlock the full potential of their data and make more informed decisions that will ultimately enhance their bottom line.” This partnership provides mutual benefits for both companies. It enables information to flow directly into a core system, which allows an insurer to recognize and unlock the full potential of its data. For Carpe Data, it reduces any friction associated with implementing and consuming data. For Duck Creek, the collaboration enhances their platform by adding a broader range of data sources that customers can access, further enabling Duck Creek to serve as a comprehensive end-to-end solution for underwriting and the claims process. Elaine Rogalla, Senior Product Manager, Duck Creek Technologies. Delivering Innovative and Actionable Insights “We consider Carpe Data as an innovator in delivering innovative and actionable insights to the insurance industry,” comments Elaine Rogalla, Director, Product Management, Duck Creek Technologies. “We share their commitment to driving innovation, agility and efficiency within the industry and are thrilled to welcome them into our growing ecosystem of partners. We together look forward to identifying areas for customers to harness the power of their data in the future.” Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803. Leave a Comment
Carpe Data Frequently Asked Questions (FAQ)
When was Carpe Data founded?
Carpe Data was founded in 2016.
Where is Carpe Data's headquarters?
Carpe Data's headquarters is located at 735 State Street, Santa Barbara.
What is Carpe Data's latest funding round?
Carpe Data's latest funding round is Acq - Fin.
How much did Carpe Data raise?
Carpe Data raised a total of $9.44M.
Who are the investors of Carpe Data?
Investors of Carpe Data include Thomas H. Lee Partners, Paycheck Protection Program, Aquiline Capital Partners, Social Intelligence and Aviva Ventures.
Who are Carpe Data's competitors?
Competitors of Carpe Data include Planck, Fenris Digital, Groundspeed, CogniSure, FRISS and 15 more.
What products does Carpe Data offer?
Carpe Data's products include Minerva - Measure & Predict and 4 more.
Who are Carpe Data's customers?
Customers of Carpe Data include Allstate, Travelers, The Hartford and Farmers.
Compare Carpe Data to Competitors
Convr is an artificial intelligence underwriting platform. The company's platform uses data science to eliminate paperwork, provide a holistic view of risks by analyzing a broad array of internal and external data sources, and score and prioritize commercial risks. It was founded in 2015 and is based in Schaumburg, Illinois.
Planck operates as an automated, artificial intelligence (AI)-based data platform for commercial insurance. Its solutions include submissions validation, underwriting recommendations, audit recommendations, exposure monitoring, and more. It was founded in 2015 and is based in New York, New York.
Groundspeed offers software-as-a-service (SaaS) based application submission and data services. The company uses machine learning for commercial insurance data automation to help brokers and carriers improve financial performance. The company was founded in 2016 and is based in Ann Arbor, Michigan.
Cytora provides artificial intelligence (AI) powered solutions for the commercial insurance industry. The company enables underwriting for commercial insurance via the underwriting platform which allows insurers to underwrite more efficiently and deliver fairer prices to their customers. It was founded in 2014 and is based in London, United Kingdom.
Unqork operates as a no-code, software-as-a-service (SaaS) platform to build, integrate, and manage software with zero tech debt. Its patent-pending technology includes advanced calculations, decisions, user interface (UI) design, and workflow for risk assessment and digitization layered on top of legacy information technology (IT) systems. It was founded in 2017 and is based in New York, New York.
Kalepa delivers decision-support software to commercial insurance underwriters. Kalepa's AI-powered Copilot enables underwriters to focus their time on the highest ROI opportunities and rapidly evaluate, select, and price risk. By analyzing billions of points of structured and unstructured data, Kalepa's Copilot augments underwriters with insights and recommendations on every risk.
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