Risk Management: Brick by Brick

Getting Data into Insurance and Using it Right with Max Drucker, Co-Founder and CEO of {Carpe Data

Dec 27, 2023

Max Drucker, CEO of {Carpe Data, discusses the importance of data in the insurance industry and the challenges of integrating new technology. They highlight the significance of consistent and reliable data, and the potential role of AI in driving automation and improving insurance outcomes.

19:58

Creator website

Episode guests

Max Drucker

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Carpe Data provides next generation predictive scoring and data products to insurance companies, helping in risk identification and classification.

The insurance industry needs to embrace technology, especially data science and AI, to predict and manage risks effectively.

Deep dives

Carp Data's focus on automation and improving insurance outcomes

Carp Data is an emerging and alternative data company that drives automation and improves insurance outcomes. They provide data for use cases like straight through processing and risk selection in small commercial insurance. Their data elements help classify businesses, identify risks, and provide predictive insights. By integrating data into existing processes, Carp Data aims to improve consistency and efficiency in the insurance industry.

Introduction

2min

The CEO's Background and the Importance of Data in Insurance

4min

Managing Data Challenges in the Insurance Industry

4min

Challenges of Integrating Technology into Insurance Processes

4min

The Role of AI in the Insurance Industry

6min

In the latest episode of Risk Management: Brick by Brick, Jason Reichl takes a trip to InsureTech Connect 2023 to chat with some of the best in the Risk Management world. This time, he chats with Max Drucker, CEO and Co-Founder of {Carpe Data, an organization that provides next generation predictive scoring and data products to P&C and life insurance companies by leveraging the social web, online content, and other forms of next generation data.

Jason and Max get into the weeds of not only the importance of getting data into the industry but the need to focus on the uses of that data and integrate it seamlessly into the carrier's existing processes. They discuss the slow uptake of technology in insurance, what will speed it up, and why young people should be getting into the industry.

To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io.

Episode resources:

If you enjoyed this episode, please (with a cherry on top):

Subscribe, rate, and review it on Apple Podcasts
Follow TRS on Spotify
Tell a friend!

Risk Management: Brick by Brick is handcrafted by our friends over at: fame.so

Previous guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation.

Check out the three most downloaded episodes:

If you are interested in being a guest on Risk Management: Brick by Brick, please complete this form: fame.so/trs-guest

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.

Risk Management: Brick by Brick

Getting Data into Insurance and Using it Right with Max Drucker, Co-Founder and CEO of {Carpe Data

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Carp Data's focus on automation and improving insurance outcomes

The potential of AI and data in insurance

The importance of embracing technology and attracting talent

Remember Everything You Learn from Podcasts