Overview
Carpe Data’s Risk Characteristics enable carriers to better automate the commercial insurance process by providing accurate business attribute data on millions of businesses in the United States and six other countries. In addition to firmographic data, various aspects of services, products, operations, and physical plant are described.
These attributes are derived from a multi-disciplinary data collection methodology including:
- Alternative data sources
- NLP/keyword matching
- Machine learning models
- Computer vision
Key Features
Risk Characteristic data can be utilized in a variety of use cases in either a batch or real-time (API) mode, including:
- Intake prefill/peview/underwriting assist
- Automated underwriting
- Post bind validation
- Automated underwriting monitoring
- Portfolio audit
Key Benefits
- Reduce data inaccuracy
- Enhance customer experience
- Transform underwriting and issuance