This report uses the CB Insights Execution Strength & Positioning (ESP) Matrix to analyze vendors that deliver predictive analytics solutions for underwriting to P&C insurance.
CB Insights examined solutions in the market using the ESP framework. The methodology scores top technology offerings across 4 categories — Leaders, Outperformers, Highfliers, and Challengers. The purpose of the analysis is to guide technology buyers on the relative strength of private companies.
Trends highlighted in the report include:
- As predictive analytics solves for both loss and expense control, it provides meaningful competitive advantage and is becoming a necessary technology in P&C insurance.
- The market has matured over the last 3 years and investment is moving to later stage rounds.
- Leaders approach the market from two distinct positions: H2O.ai offers an enterprise toolset and Earnix provides insurance-specific solutions.