Neptune Flood utilizes advanced mapping technologies and aerial remote sensing to create sophisticated algorithms for the risk of flooding. This revolutionary approach to pricing flood risk often results in superior coverage and savings over the National Flood Insurance Program of up to 25%, and is available to households in all designated flood zones. Neptune Flood was founded in 2016 by insurance and technology industry veterans Jim Albert and Bill Martin, with a goal of bringing advanced analytics and extreme ease of use to the flood insurance marketplace. Neptune Flood's policies are currently backed by Lloyd's of London, rated "A" (Excellent) by A.M. Best with an issuer credit of A+. Neptune launched its insurance product in early 2017 in Florida, and later in the year achieved the designation of Lloyd's Coverholder with authority to provide flood insurance throughout the US.
Charles River Data is a consulting firm specializing in data science solutions tailored to various industries, including retail, healthcare, defense, and finance. Founded by former data scientists from Google and BCG-Gamma, the company offers a range of services such as personalized marketing, dynamic pricing, inventory management, and sales optimization, all powered by machine learning. The team comprises skilled engineers with extensive experience in developing large-scale data applications, allowing them to address critical business challenges effectively. Charles River Data prioritizes long-term impact through experimentation and data-driven insights, supporting clients from startups to multinational corporations in enhancing their data science capabilities. The firm also provides full data science team outsourcing for organizations aiming to rapidly adopt machine learning technologies. By fostering an environment that attracts top talent, Charles River Data is committed to delivering innovative and scalable solutions that drive significant results for its clients.
Jumpstart
Acquisition in 2021
Jumpstart provides consumers a financial jumpstart after a life-changing shock. It's a new product category that pays a fixed sum right away after a pre-defined event. Technically it's insurance, but without hassle, paperwork, or delays. The company also provides parametric earthquake insurance for renters and homeowners in the U.S., in partnership with leading financial institutions. Jumpstart is transforming insurance just as crowdfunding revolutionized investing take something complicated and expensive, make it accessible and simple, and in doing so unlock a market multiply the number of customers by 10x. Starting with the earthquake risk in California, Jumpstart builds financial resilience for individuals and communities.
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