FNO: InsureTech
Ep 268: Transforming Insurance: Carpe Data's Max Drucker on Data and AI Innovation
Sep 13, 2024
Max Drucker, CEO and founder of Carpe Data, dives into the innovative use of data in the insurance industry. He explores how his company harnesses AI and machine learning to automate decisions and predict outcomes. Max discusses the evolution from traditional methods to leveraging alternative data for improved underwriting and fraud detection. He emphasizes the competitive edge offered by precise data analysis and the transformative effects of technology on insurance operations. This engaging conversation reveals the future of data-driven insurance solutions.
54:00
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Quick takeaways
- Carpe Data leverages AI and machine learning to enhance data automation, allowing insurance carriers to predict outcomes and reduce losses.
- The company specializes in unique data products for fraud detection and underwriting, transforming traditional insurance practices through innovative analytics.
Deep dives
Introduction to Carpy Data
Carpy Data is a data-centric company focused primarily on serving insurance carriers by providing data products that facilitate automated decision-making and improve insurance outcomes. The company's objective revolves around predicting various insurance-specific outcomes, including loss occurrences, fraud detection, and retention risks. Drawing on a rich history in the insurance technology landscape, Carpy Data combines technological innovation with in-depth industry knowledge to tailor data solutions that align closely with insurers' needs. Their expertise in leveraging data enables insurers to refine their operations and achieve better financial results.
