Carpe has launched the Minerva Reasoning Engine, an AI-powered commercial underwriting solution for small commercial insurers. The platform converts carriers’ risk appetites into testable rules and uses live business intelligence to provide quote, decline, or referral recommendations.
The engine evaluates over 200 business characteristics across more than 50 million US business profiles. Carpe claims the system can reduce underwriting touches by up to 25% and save 30 to 45 minutes per submission by automating straightforward risks and replacing manual research.
The solution aims to help carriers increase underwriting capacity whilst maintaining control over judgement-intensive risks. It provides source-backed reasoning paths and enables consistent appetite application across submissions and distribution channels.
The Minerva Reasoning Engine is now available to commercial carriers seeking to grow their small commercial books profitably.
About Carpe Data
Carpe partners with modern insurance carriers invested in simplifying and streamlining their most difficult decisions. We bring more than ten years of proprietary data and modern AI engineering to the touchpoints that matter most, from quote to claim closure.
The company is headquartered in Santa Barbara, California, with engineering and operations in Lisbon, Portugal. Over 40 carriers run Carpe in production today, including nine of the top twenty P&C carriers.
From a humble Santa Barbara office in 2016 with a revolutionary idea, the company set out to attract and hire the data and industry experts who would help transform the insurance world, one quote, policy, and claim at a time.
Source: app.dealroom.co
