Fintech / Insurtech

P&C Insurance - Underwriting Data Platforms

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER

What is P&C Insurance - Underwriting Data Platforms?

Underwriting data platforms bring together third-party alternative datasets, such as social media activity logs, public records, and demographic information. Insurers can tap into these new data sources to augment their own internal datasets and, ultimately, enhance the speed and quality of the underwriting process.

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Leaders

Leaders are the most established service providers in the market and possess the breadth to address various customer needs.

See why these companies made it as leaders for P&C Insurance - Underwriting Data Platforms. These companies include Cytora and Squirro.

Cytora logo
Cytora

United Kingdom / Founded Year: 2014

Cytora provides AI-powered solutions for the commercial insurance industry. The company enables underwriting for commercial insurance via the Cytora API-enabled Underwriting Platform that allows insurers to underwrite more efficiently and deliver fairer prices to their customers.

Known Customers

Beazley, Allianz, Ecclesiastical, and 1 more

Key People

David Ensor, Richard Hartley, Tom Coward, and 2 more

Squirro logo
Squirro

Switzerland / Founded Year: 2012

Squirro offers an augmented intelligence platform and data insight solutions provide companies with insights from their structured and unstructured data.

Known Partners

FPT Software, Synechron, Bisnode, and 1 more

Key People

Dorian Selz, Patrice Neff, Toni Birrer, and 2 more

Convr logo
Convr

United States / Founded Year: 2015

Convr is an underwriting decisioning platform for commercial P&C insurers. The company focuses on the commercial underwriting process with AI and decision science. Commercial carriers of all sizes use Convr to make real-time underwriting decisions based on rich data and intelligence gathered by external sources to improve productivity, profitability, efficiency, and accuracy.

Key People

Kuldeep Malik, John Stammen, Harish Neelamana, and 1 more

Bold Penguin logo
Bold Penguin

United States / Founded Year: 2016

Bold Penguin is the insurtech company that rapidly increases speed-to-bind for commercial insurance.On January 14th, 2021, Bold Penguin was acquired by American Family Insurance. The terms of the transaction were not disclosed.

CLARA Analytics logo
CLARA Analytics

United States / Founded Year: 2017

CLARA Analytics builds easy-to-use, AI/machine-learning based products that can get claims teams in front of their workers’ compensation claims. The products unlock predictive insights from the claims data to provide key signals to the claims team to drive efficiencies and improve the claim outcomes.

Known Partners

Unqork, Sapiens International, Aon, and 1 more

Key People

Heather Wilson, Karin Roeschlein

P
Planck

United States / Founded Year: 2016

Planck is a commercial insurance data platform, built to enable insurers to instantly and accurately underwrite any business. Planck's technology platform aggregates and mines large datasets, using advances in artificial intelligence (AI) to automatically generate and deliver key insights customized to the commercial underwriting process. The end result is an underwriting process with greater insurer visibility into risk factors, leading to improved new business conversion and retention rates and lower loss ratios.

Key People

David Schapiro, Elad Tsur, Amir Harel, and 1 more

G
Groundspeed Analytics

United States / Founded Year: 2016

Groundspeed Analytics uses machine learning for commercial insurance data automation, to help brokers and carriers improve financial performance. The Groundspeed platform automatically turns loss runs, exposure documents and policy files into actionable information, empowering users to identify profitable pools of risk and drive better financial outcomes.

Key People

Jeffrey Mason, Eric Kobe, Naim Falandino

EasySend logo
EasySend

Israel / Founded Year: 2016

EasySend is a no-code SaaS platform builder that aims to help enterprises to turn complex manual processes into full digital experiences. Specifically, EasySend enables banking, healthcare and insurance enterprises to convert paper forms into compliant digital processes with deep-analytics and digitize the complete customer journey, including account signup, client onboarding, customer support, and claims processing all through a simple drag-and-drop interface.

Known Partners

PSCU, Surecomp, CRiskCo, and 3 more

Known Customers

Sompo Holdings

Key People

Tal Daskal, Omer Shirazi, Eran Shirazi

Explorium logo
Explorium

United States / Founded Year: 2017

Explorium is a data science company that helps companies get better data to feed into their predictive models. Explorium's engine can ingest a company's data, connect with tens of thousands of external data sources, and then generate predictive features/variables from these external sources automatically, running its own machine learning models to ensure that the most relevant, predictive data is added, building more accurate machine learning models.

Known Customers

Snowflake Computing

Key People

Maor Shlomo, Or Tamir, Omer Har, and 1 more

Highfliers

Highfliers are the most innovative service providers in the market and possess the resources to address evolving customer needs.

See why these companies made it as highfliers for P&C Insurance - Underwriting Data Platforms. These companies include Sorcero and Kalepa.

S
Sorcero

United States / Founded Year: 2018

Sorcero provides natural language processing solutions, knowledge bases, decision support, and compliance for the life sciences and insurance industries.

Key People

Dipanwita Das, Walter Bender, Richard Graves

Kalepa logo
Kalepa

United States / Founded Year: 2017

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.

Key People

Daniel Hillman, Paul Monasterio, Connie Germano

Outperformers

Outperformers are the most specialized service providers in the market and possess the expertise to address unique customer needs.

See why these companies made it as outperformers for P&C Insurance - Underwriting Data Platforms. These companies include .

Challengers

Challengers are the most promising service providers in the market and possess the agility to address emerging customer needs.

See why these companies made it as challengers for P&C Insurance - Underwriting Data Platforms. These companies include App Orchid and Powerlytics.

App Orchid logo
App Orchid

United States / Founded Year: 2013

The App Orchid platform helps enterprises build AI-fueled apps for the energy, utilities, insurance, and healthcare industries. ContractAI is a product built on App Orchid's AI platform to transform the contracting process - improving the analysis, creation, and negotiation of contracts. ContractAI utilizes AI to automatically ingest and analyze historical contracts to author templates based on terms that were proven win-win. The company was founded in 2013 and is based in San Ramon, California.

Known Partners

Kx Systems

Key People

Vaibhav Nadgauda, Ravi Bommakanti, Yuvaraj Mani, and 1 more

Powerlytics logo
Powerlytics

United States / Founded Year: 2011

Powerlytics provides data products that are sourced from IRS tax returns, the Census Bureau, and other government agencies. The company's database provides detailed comparative metrics geared to the needs of many professionals including financial services professionals, consultants, auditors, tax professionals, CFOs, Boards of Directors and others.

Known Partners

PolicyMap

Key People

Ivan Ruzic

Amenity Analytics logo
Amenity Analytics

United States / Founded Year: 2015

Amenity Analytics cloud-based text analytics tools allow companies in any industry to systematically extract intelligence from any text in real time. Amenity Analytics focuses primarily on extracting intel from financial documents.

Key People

Nathaniel Storch, Maoz Shact, Hedva Feldman

What is P&C Insurance - Underwriting Data Platforms?

Underwriting data platforms bring together third-party alternative datasets, such as social media activity logs, public records, and demographic information. Insurers can tap into these new data sources to augment their own internal datasets and, ultimately, enhance the speed and quality of the underwriting process.

Selling a product or service?
Reach more buyers.

Your future customers are researching their next tech solution on CB Insights. Make sure they can find you.

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