How Does Online Data Help Insurers?
Insurance losses are spiraling out of control as traditional methods of risk assessment fall behind digitally savvy fraudsters. Carpe Data fights fire with data, harnessing millions of online sources with advanced data science and leading-edge AI to provide unique insights for every stage of the insurance lifecycle.
How can Carpe Data help you?
FIND NEW FRAUD
Finds new fraud in your open book
Eliminates manual online research (and the risks that come with it)
Verifies claim facts independently
AVOID BAD RISKS & PREDICT LOSS
Automates your online research and reduce average time per investigation
Eliminates risk of exposure to sensitive personal information
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
Allstate
“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
Farmers 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
Zurich Insurance Company Ltd
“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
The Hanover Insurance Group
Use Cases
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.
1
Bodily Injury
Online Injury Alerts validate identity, confirm loss facts, and provide automated alerts when online activity contradicts the nature of the claim
2
Workers’ Comp & Disability
Keeps adjusters informed on insured activity and alert them to shifts in insured needs, ensuring the best claimant experience
3
Home & Property
Investigative Reports source additional evidence from online sources and leverage powerful AI, giving adjusters the complete picture of significant loss claims
4
Commercial Underwriting
Vastly improve classification accuracy and adverse selection rates with hundreds of unique attributes on the conditions and operations of a given business
5
Commercial Pricing
Enhance or refresh pricing & ROC models with simple, unique indexes that constantly refresh to provide near real-time risk insights