Numerati® Partners LLC organized and co-hosted the inaugural InsurTech Science and Engineering Innovation Expo on August 9, 2018, the pre-launch event for the InsurTech Alliance – a collaboration between Numerati® Partners and leading global reinsurance specialist Guy Carpenter & Company LLC – to introduce a state of the art, insurer-focused suite of capabilities to help carriers evaluate innovations in data analytics and digital technology products and solutions.
During the proceedings organized in coordination with RiskEcon® Lab @ Courant Institute of Mathematical Sciences NYU and the New York Academy of Sciences, over one hundred senior insurance and reinsurance executives from throughout North America engaged with over seventy leading scientists, engineers and technologists in an intensive program of in-depth discussion and activities focused upon reliable, robust and secure use-case driven innovation and technology adoption. The InsurTech Expo also featured exhibits, hands-on demonstrations and presentations by InsurTech technology companies, enabling 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.
Numerati® Partners coordinates a data analytics and development ecosystem — data scientists, engineers, academic institutions, public and private sector and non-governmental organizations, e.g., think tanks and research institutions — with the mission of advancing 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, PhD, Co-Managing Member of Numerati® Partners.
Numerati® Partners curates domain-specific use-case applications by enabling systems integration and managed service provider platforms. Numerati® Partners has developed a broad ecosystem critical to the identification, technical assessment and evaluation of technology and its ongoing development and commercialization. Numerati® Partners works closely with end users and key stakeholders as distribution channel and transition partners to provide superior, customized, integrated technology solutions.
The InsurTech Alliance is part of Guy Carpenter’s expanded InsurTech offering, designed to meet its clients’ needs 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,” 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.
“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 technology 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 https://numeratipartnersllc.com/.
About RiskEcon® Lab for Decision Metrics @ Courant Institute of Mathematical Sciences NYU
The mission of RiskEcon® Lab for Decision Metrics @ Courant Institute of Mathematical Sciences NYU is the development of experimental testbeds and analytics that employ high-dimensional datasets from innovative sources by applying a range of computational and analytical methods to commercial and industrial sensor networks and edge computing embedded systems, focusing primarily on research and development (R&D) of remote and compressed sensing, anomaly detection, forensic analytics and statistical process control. By employing applied computational statistics within the context of robust and scalable data analytic solutions, our goal is robust integration of machine learning with signal processing for measurement and control, in order to conduct research fundamental to large-scale, real-world questions in risk and liability management. For more information, visit https://wp.nyu.edu/riskeconlab/.
About Guy Carpenter & Company, LLC