Carpe Data
Carpe Data is a company specializing in advanced AI and data science solutions for the insurance industry, offering products like ClaimsX Ultra and Minerva to enhance fraud detection, claim monitoring, and small business underwriting.
Services
Carpe Data specializes in automating and optimizing insurance claims and underwriting workflows using advanced AI and data science techniques. The company offers two primary solutions: ClaimsX Ultra and Minerva. ClaimsX Ultra focuses on fraud detection and claim monitoring technology, enhancing the ability to detect and deter fraud by up to 20 times. Minerva is aimed at commercial data solutions, specifically classifying and evaluating insurable small business profiles with a success rate of 90%. The company also provides a client portal for streamlined service access.
Products
Carpe Data offers two key products. ClaimsX Ultra is a sophisticated fraud detection and claim monitoring system designed to expand the reach and efficiency of fraud detection significantly. Minerva is a commercial data solution that classifies and evaluates small business profiles for insurance purposes. Both products are powered by cutting-edge AI technology and large language models, ensuring high levels of accuracy and efficiency.
Technological Advances
Carpe Data employs a range of innovative technologies to revolutionize the insurance industry. The company leverages advanced AI, data science techniques, and large language models to enhance the processes of insurance claims processing and small business underwriting. These technological advances enable Carpe Data to validate customer information efficiently and classify insurable small business profiles with notable precision. The company also dedicates substantial resources to maintaining data cleanliness and accuracy through frequent data source audits.
Partnerships
Carpe Data has established partnerships with several major insurers, including Allstate, Zurich, and Auto-Owners Insurance. These collaborations enable Carpe Data to integrate its advanced fraud detection and underwriting solutions into the workflows of leading insurance providers, helping to optimize claims processing and small business underwriting across the industry.
Headquarters
Carpe Data is headquartered in Santa Barbara, California. The company also operates an additional office in Lisbon, Portugal. These strategic locations support the company's global reach and allow it to serve a diverse client base effectively.
