Ground speed

Insurance Quantified Acquires Groundspeed Analytics, Creating the Leading Underwriting Technology Provider to the Commercial P&C Industry

Retrieved on: 
Wednesday, June 21, 2023
Insurance, Software as a service, P&C, MGA, Acquisition, Sigma, Alvarez and Marsal, Ground speed

NEW YORK, June 21, 2023 /PRNewswire/ -- Insurance Quantified, a leading commercial P&C underwriting technology provider, today announced it has acquired Groundspeed Analytics, the market leader in ingestion and data solutions for the commercial P&C industry.

Key Points: 
  • NEW YORK, June 21, 2023 /PRNewswire/ -- Insurance Quantified, a leading commercial P&C underwriting technology provider, today announced it has acquired Groundspeed Analytics, the market leader in ingestion and data solutions for the commercial P&C industry.
  • The combination strengthens Insurance Quantified's market leadership in underwriting technology and furthers its mission to maximize the value of data for commercial P&C insurers.
  • Together, the united technology capabilities, market success, and committed backing of Two Sigma creates an unparalleled underwriting technology partner for commercial P&C insurers.
  • Sheppard, Mullin, Richter & Hampton LLP, served as legal counsel and Alvarez & Marsal served as financial and tax advisor to Insurance Quantified.

Horizon Technology Finance Provides Venture Loan Facility to Groundspeed Analytics

Retrieved on: 
Tuesday, November 29, 2022
API, Growth, VIN, Insurance, Policy, P&C, Insight Partners, Duns, Software as a service, Security (finance), Financial services, Risk management, Ground speed, Horizon

FARMINGTON, Conn., Nov. 29, 2022 /PRNewswire/ -- Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today it has provided a venture loan facility to Groundspeed Analytics, Inc. ("Groundspeed").

Key Points: 
  • FARMINGTON, Conn., Nov. 29, 2022 /PRNewswire/ -- Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today it has provided a venture loan facility to Groundspeed Analytics, Inc. ("Groundspeed").
  • Horizon Technology Finance Corporation (NASDAQ: HRZN) is a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries.
  • Groundspeed Analytics is the leading SaaS-delivered application submission and data services provider for the commercial P&C industry.
  • Groundspeed leverages its unique, industry-leading contributory dataset, which enriches submission document data combined with predictive analytics.

Groundspeed Announces Record Growth and Expands Leadership Team

Retrieved on: 
Thursday, February 3, 2022
Goldman Sachs, CEO, Cochin University of Science and Technology, View, Insurance, Automation, Bachelor of Technology, Digital media, Princeton University, P&C, Data science, Global health, Non-governmental organization, Columbia University, ANN, Software as a service, Technology, SDR, University of Oxford, Georgia Tech Online Master of Science in Computer Science, Computer science, IPO, Algorithm, Cardiff University, Industry, Marcus, Bachelor of Arts in Organizational Psychology, Multimedia, Solution, Management, Carta, Marketing, Engineering, Journalism, Ground speed, Science

Groundspeed had a successful year of empowering underwriters across the property & casualty insurance industry to make better, faster decisions.

Key Points: 
  • Groundspeed had a successful year of empowering underwriters across the property & casualty insurance industry to make better, faster decisions.
  • In fact, in just the last 6 months of 2021, Groundspeed doubled the number of carriers it serves with its Rapid Fusion technology.
  • "Groundspeed experienced record-breaking momentum in 2021 and we're excited to continue to grow and scale as we strengthen our leadership team," said Jeff Mason, CEO of Groundspeed.
  • Vishal Srivastava joins Groundspeed as Vice President of Engineering, where he'll lead the company's engineering, data science, enablement, and automation efforts.

Republic Indemnity Selects Groundspeed to Boost Underwriting Results and Improve Speed to Market

Retrieved on: 
Wednesday, December 15, 2021
Method, Software as a service, CIO, Solution, P&C, Insurance, NV, Industry, Data, ML, AI, ANN, CEO, Efficiency, Multimedia, Policy, AM Best, Superior, CA, OR, Technology, View, Republic, Ground speed

The premier workers' compensation insurance company selected the advanced platform to boost underwriting results, reduce costs, and provide superior service.

Key Points: 
  • The premier workers' compensation insurance company selected the advanced platform to boost underwriting results, reduce costs, and provide superior service.
  • "Groundspeed's AI technologyis helping property & casualty insurers use more data to drive better underwriting decisions much faster and more accurately than current manual processes," said Jeff Mason, CEO of Groundspeed.
  • "We're thrilled to help Republic Indemnity truly understand and utilize their data, accelerate their operational and underwriting processes and innovate for their customers."
  • The speed and accuracy of Groundspeed's AI/ML technology is helping Republic Indemnity increase their quote ratio, reduce underwriter bias in submission selection, and create an underwriting dataset to determine new growth opportunities.