Numerati® Partners LLC today announced the InsurTech Science & Engineering Innovation Expo, the New York launch event for the InsurTech Alliance – a collaboration between Numerati® Partners and leading global reinsurance specialist Guy Carpenter & Company LLC – designed to introduce a state of the art, insurer-focused suite of capabilities to help insurers and reinsurers assess innovations in data analytics and digital technology-based products and solutions.
Numerati® Partners coordinates a data analytics and development ecosystem – comprised of data scientists, engineers, academic institutions, public and private sector entities, and non-governmental organizations such as think tanks and research institutions – with the mission of advancing and fostering the next generation of scalable data-intensive risk and liability management enterprises.
“Wholesale adoption of digital technologies by insurers and reinsurers is not only imminent, but inevitable. More disciplined technology adoption – based on an integrated engineering approach to digital technologies and high dimensional data analytics – is fundamental as a foundation for insurance and reinsurance innovation,” said David K.A. Mordecai, Ph.D., Co-Managing Member of Numerati® Partners.
Numerati® Partners curates and commercializes domain-specific use-case applications by enabling systems integration and managed service provider platforms. Numerati® Partners has developed a broad ecosystem of engineers, scientists, researchers, and strategic advisors critical to the identification, technical assessment and evaluation of technology, as well ongoing development and commercialization. Numerati® Partners works closely with end users and key stakeholders as distribution channel and transition partners in order to provide superior, customized, integrated technology solutions.
The InsurTech Alliance is part of Guy Carpenter’s expanded InsurTech offering, designed to meet its clients’ desire to understand and leverage the dynamic universe of InsurTech while driving profitable growth.
“Guy Carpenter’s goal is for our clients to view us as their premier, trusted advisor in the (re)insurance space. We are focused on fostering knowledge around new trends in data, analytics and technology that allow our clients to adapt, evolve and grow in new ways to meet the future of the industry head on,” said Claude Yoder, Global Chief Innovation and Product Development Officer for Guy Carpenter.
The InsurTech Alliance combines Guy Carpenter’s insurance risk management expertise with Numerati® Partners’ technical capabilities, science and engineering expertise and direct industry experience within risk technologies and R&D, as well as with financial and insurance sector innovation.
The new service allows insurers to provide their management with technological intelligence validated by leading data scientists and engineers. The unique ability to understand advancements in data, analytics, and technology gives insurers a front row seat to innovation as it happens. Most importantly, it provides participants an operational advantage in on-boarding new capabilities that may help them grow, increase profit and future-proof their firm.
The InsurTech Science and Engineering Innovation Expo offers an opportunity for insurers to test-drive the InsurTech Alliance and engage with Guy Carpenter, Numerati® Partners and the Numerati® Partners’ ecosystem of technical experts leading the digital technological revolution. It will also feature exhibits, hands-on demonstrations and presentations by InsurTech vendors.
“We are committed to advancing substantive, science-based and industry-focused innovation across the global insurance and reinsurance sector,” said Samantha Kappagoda, Co-Managing Member of Numerati® Partners.
About Numerati® Partners LLC
Numerati® Partners LLC coordinates a data analytics and development ecosystem, with the mission of advancing and fostering the next generation of scalable data-intensive risk and liability management enterprises. The firm provides resources fundamental to advancing the development of nascent leading-edge inferential surveillance, monitoring, and predictive analytics technologies for deployment within the RiskTech domain: risk technologies associated with adaptive distributed, networked and embedded systems such as remote sensing, agent-oriented data analytics, computing and control systems. Numerati® Partners curates integrated RiskTech solutions as well as forensic and use-case applications in RiskTech sub-domains such as LitTech, RegTech, FinTech and InsurTech (litigation technology, regulation technology, financial technology and insurance technology). For more information, visit the Numerati Partners website or email InsurTech@np2012.com.
About Guy Carpenter
Guy Carpenter & Company, LLC is a leading global risk and reinsurance specialist with more than 2,300 professionals in over 60 offices around the world. Guy Carpenter delivers a powerful combination of broking expertise, trusted strategic advisory services and industry-leading analytics to help clients adapt to emerging opportunities and achieve profitable growth. Guy Carpenter is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy, and people. With nearly 65,000 colleagues and annual revenue over $14 billion, through its market-leading companies including Marsh, Mercer and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit www.guycarp.com. Follow Guy Carpenter on Twitter @GuyCarpenter.