Charles River Data, a data science consulting group based in Boston, has recently been acquired by Neptune Flood, a private flood insurer. This strategic move is expected to enhance Neptune’s underwriting system by incorporating advanced data science, machine learning, and artificial intelligence capabilities.
Neptune Flood, founded in Florida and known for its digital-based flood insurance platform, is one of the largest companies in the U.S. offering private flood insurance for various types of properties nationwide. The company’s on-demand platform allows agents and customers to quickly obtain quotes and bind policies in minutes.
Founded by data scientists from Google and BCG GAMMA, Charles River Data offers custom data science solutions on a project-by-project or ongoing basis. The team has expertise in various areas such as geo-analytics, financial modeling, image recognition, natural language processing, and machine learning tools.
Trevor Burgess, CEO of Neptune Flood, expressed his excitement about the acquisition, stating that it aligns perfectly with the company’s commitment to leveraging technology to revolutionize insurance. Mike Dezube, CEO of Charles River Data brings eight years of experience as a data scientist at Google and will join Neptune as the chief data science officer. Gleb Drobkov will serve as the chief strategy officer at Neptune Flood after joining from Charles River Data.
In addition to this recent acquisition of Charles River Data
