Neptune Flood acquires Charles River Data

Flood insurance provider Neptune Flood has acquired Charles River Data, a Boston-based data science consulting group.

According to Neptune, the move will bolster its underwriting system through advanced data science, machine learning, and artificial intelligence capabilities, as well as enhance its ability to analyze and underwrite flood risk with even greater precision and speed.

“The integration of Charles River Data’s expertise will enable us to expand our analytical capabilities, ensuring faster and more accurate flood risk assessments for our customers. This acquisition aligns perfectly with our commitment to leveraging the best technology to revolutionize insurance.” – Trevor Burgess, CEO of Neptune Flood.

“Joining forces with Charles River Data empowers us to enhance our Triton system with new layers of predictive analytics, machine learning, and generative AI, further solidifying our position at the forefront of the insurance technology industry.” – Matt Duffy, Chief Risk Officer at Neptune Flood.

“We are thrilled to join Neptune and contribute to a platform that is transforming an industry through data and AI. Our expertise in data science aligns seamlessly with Neptune’s vision of accuracy and efficiency in underwriting flood risk, and together, we will bring the industry forward setting new standards as we go.” – Mike Dezube, CEO of Charles River Data.