FIXING FUNDAMENTAL PROBLEMS
The re/insurance industry relies upon exposure data that is not fit for purpose.
Underwriting decisions are based on aggregated data as individual risks cannot be accurately identified. Geocoded information is unreliable, and vital attribute data, such as first-floor elevation, doesn’t exist.
Insurdata has created technology to solve this problem. Their proof of concept projects with SCOR and Katrisk showed the material impact Insurdata technology has on modelled loss estimates.
Jason Futers – Previously at RMS and AgRisk.
Jeremy Sterns – Previously CTO at StrongView, Send Word Now and ContextWeb.
The highest resolution exposure data to optimise pricing, underwriting and risk assessment decisions.
Use peril-specific attribute data to maximise core risk management.
Delivering relevant data where it is needed most at any point in the re/insurance chain.
Generation real-time data through the risk assessment process, from point-of-underwriting to risk transfer.
“There have been a few Gateway moments already! One striking one was standing in the stormy sea, fully suited and booted, for publicity photos. Not an everyday occurrence at Insurdata, but the Gateway are always pushing the boundaries to make extraordinary things happen, and that is why we love working with them!”
Jason Futers, Co-Founder at Insurdata
“Denver-based property data company Insurdata has announced a $3m seed round from a group of investors, led by Anthemis and Menlo […]
Congratulations to Insurdata, from the 130 applications only 11 Insurtechs were chosen to form cohort 3 of Lloyd’s Lab. Guest […]
“The Gateway and Insurdata are separately tackling the Insurance industry’s biggest challenges. Working together is a very natural fit and we’re delighted to be joining their portfolio.”
Jeremy Sterns, Co-Founder at Insurdata