Integration of emerging and alternative data into the enterprise no-code platform brings insurers unprecedented speed-to-market and insight
SANTA BARBARA, California, March 2, 2021 – Carpe Data, a leading provider of emerging and alternative data for insurance, and Unqork, the leading enterprise no-code application platform, have entered into a partnership to help property and casualty (P&C) insurers drive speed, reduce fraud and enhance accuracy for insurance rate-quote-bind and claims solutions across personal and commercial businesses. The partnership will enable insurers to evaluate commercial risk more effectively and accelerate claims handling processes.
“In the highly competitive small commercial sector, speed and accuracy remain key differentiators for property and casualty insurers,” said Farooq Sheikh, Insurance Go-To-Market Lead, Unqork. “We’re working with our carrier clients to integrate emerging and alternative data from Carpe Data into Unqork’s pure no-code platform so underwriters can make fast, accurate coverage and pricing decisions, resulting in measurably higher new business win rates and account retention.
“Unqork’s ability to bring complex solutions to market significantly faster and cheaper than code-based methods, combined with the deep insights Carpe Data provides will give our P&C clients a serious competitive advantage,” he added.
On behalf of its insurance clients, Unqork is tapping into two of Carpe Data’s breakthrough resources – Minerva to help better classify and evaluate commercial risk and ClaimsX to automate and accelerate the claims-handling process – to provide dynamic insights that complement traditional loss experience and exposure data, giving underwriters a more robust picture of a prospective or existing customer. By using Unqork’s enterprise no-code platform, clients can leverage Carpe Data’s products in custom underwriting and claims solutions without creating a single line of code.
“Unqork is pushing the boundaries of possibility for automation, and it’s great to be part of their unique data ecosystem,” said Carpe Data CEO, Max Drucker. “As a team focused on driving automation to enable the future of insurance, Carpe Data is excited by what we’ll be able to accomplish together.”
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About Carpe Data
Already well known for its industry-changing claims automation technology, Carpe Data now provides small commercial insurers with advanced classification, risk characteristics, and predictive scores for more than 40 million businesses across the United States. Based in Santa Barbara, Carpe Data employs over 100 people across the US, UK, and Portugal who are committed to helping insurers achieve peak efficiency while supporting superior claims and underwriting experiences.
Unqork is the industry pioneer no-code enterprise application platform that helps large companies build, deploy, and manage complex applications without writing a single line of code. Organizations like Goldman Sachs, Liberty Mutual, the Cities of New York and Washington, DC and Maimonides Medical Center are using Unqork’s drag-and-drop interface to build enterprise applications faster, with higher quality, and lower costs than conventional approaches. To learn more, please visit: https://www.unqork.com.