How We Help
Every commercial insurer approaches business risk in different ways. From generating new business to renewal assessments, Carpe Data delivers unique value at each stage of the underwriting lifecycle.
Lead Generation
Lead Enrichment
Appetite Guides
Target Marketing
Quoting
Misclassification
Workflow Management
Triage and Automation
Pricing
Risk Scoring
Pricing Models
Segmentation
New Business Underwriting
Underwriting Support
Expedited Research
Renewal
Book Scoring
Renewal Flagging
Loss Control Analysis
90%
of insurable businesses across all industries in the US
100s
of curated risk attributes by segment and line of business
4x Faster
Risk results delivered via API compared to competitors
Testimonials
Our Happy Customers
“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
“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
Purpose-Built For:
Underwriters
Eliminate adverse business selection by denying and triaging unfavorable risks
Automate classification of NAICS and stop asking underwriting questions such as “hours of operation” & “alcohol service”
Align our data with your existing appetite guide and eligibility rules to increase straight-through processing and refer questionable accounts for review.
Pricing & Actuaries
Enhance pricing and ROC models using indexes & other attributes
Create or enhance “technical price” models to provide IRPM guidance
Refresh existing models & analysis using updated & validated data points
Carpe Data Commercial Solutions
Business Characteristics
Business Profiles
NAICS 2.0: Advanced Classification
Ranked Indexes
Location Insights
Out-of-the-Box Models
The Minerva Risk Score
Brings together all of these insights to form a single decision point about a business’s total exposure.
Results
Turn the internet into your competitive advantage.
3% Reduction in Adverse Selection Rates
Your competitors’ books are changing. They are raising rates and pushing out underperforming accounts. Don’t get caught collecting up their problems.
5 Minutes of Underwriter time saved per Application
Automatically validate that
submissions are eligible, align with appetite, and reduce your
underwriting handle time.
AVG. 12% Increased Classification Accuracy
Increased classification accuracy ensures the right coverages are being offered with the appropriate rate for the risk.
