Solving the Biggest Problems Facing Insurance Carriers Today
Transforming emerging data into predictive and actionable insights to unlock automation and improve outcomes across the insurance lifecycle.
Transforming emerging data into predictive and actionable insights to unlock automation and improve outcomes across the insurance lifecycle.
Our Data Commandments
At Carpe Data, everything we build follows these central tenants:
Drive Automation
Improve Insurance Outcomes
Uncover Unique & Predictive Data
Enabling the Future of Insurance
Carriers rely on efficiency to keep premiums low and attract new customers, however, the ability to validate identityand identify risk has traditionally been a time-consuming, expensive and manual process for insurers—until now.
Answering the need for operational efficiency, Carpe Data designed a system that could analyze the overload of data, extrapolate its patterns at scale and deliver sub-second results via system-to-system interface. With dynamic, relevant and reliable data uncovered, you can reduce manual touch—freeing up time to elevate your business.
Data for its own sake is useless
The world is swimming in data. In fact, an estimated 40 trillion gigabytes of the stuff. But data alone has little to no value to insurance companies without a way to analyze and extrapolate its patterns at scale. So in 2010, along with a team of data enthusiasts and insurance veterans, we set out to solve this problem.
Here at Carpe Data we make it our business to distill this mountain of information into consumable data points. Then we spend hours refining and analyzing it with insurance intent in mind. This means our data solves real insurance problems and it can adapt to your unique appetite and needs.
Keeping Pace With the Speed of Information
When you look at data as a stream rather than a stagnant pool, you realize accessing it at a single point of time is antiquated. That is why Carpe Data keeps pace with the real speed of information. And it’s why we ensure our proprietary data assets are continuously monitored and updated for accuracy and reliability at any point in time.
Modernizing the insurance paradigm, we are committed to identifying and integrating emerging sources of data and providing new and exciting ways to think about risk. This means our products are additive to your insurance process. We’re not simply passing data through—we’re solving existing insurance problems while uncovering new opportunities to improve efficiency.
“Allstate is always searching for better ways to leverage the power of data to improve our claim process... Carpe Data helps support Allstate’s ongoing efforts to seamlessly integrate data to help our people make the best, most accurate and timely decisions.”
Glenn Shapiro, President
Personal Property-Liability
"Carpe Data provides an opportunity to integrate even more data elements into our underwriting system... This partnership aligns with The Hartford’s history of building the best quoting process and of providing fast, accurate business intelligence to our agents."
John Russo
Head of Small Commercial Underwriting Practices
“By integrating new data elements from Carpe Data into our insurance programs for small businesses, we can better understand the challenges faced by business owners and identify options to address their commercial insurance needs.”
Sharon Fernandez
President of Business Insurance
"Carpe Data is the latest addition to Zurich’s ongoing innovation programs focused on transforming the future of insurance...[Carpe Data] supports Zurich’s ongoing efforts to improve the claimant experience by expediting low-risk claims, and by providing new insights to help our people make informed, accurate, and timely decisions."
Scott Clayton
Head of Claims Fraud, UK
"Carpe Data has been a great partner in helping us strengthen the claims handling process...ClaimsX helps [us] continue to meet our goals of increased efficiency, reduced potential fraud and improved customer experiences.”
Douglas L. Kratzer
Vice President, Claims
Recent Insights
