Boston-based data science consulting group Charles River Data has recently been acquired by St. Petersburg-based private flood insurance company Neptune Flood. This strategic acquisition is aimed at strengthening Neptune Flood’s innovative Triton underwriting system by incorporating advanced data science, machine learning, and artificial intelligence capabilities.
Charles River Data brings with it a strong background in big tech and academia, which will enhance Neptune’s ability to analyze and underwrite flood risk with greater precision and speed. The integration of Charles River Data’s expertise will enable Neptune Flood to expand its analytical capabilities, leading to faster and more accurate flood risk assessments for customers.
Trevor Burgess, the CEO of Neptune Flood, expressed his excitement about the acquisition, stating that it aligns perfectly with the company’s commitment to leveraging the best technology to revolutionize insurance practices. By combining forces with Charles River Data, Neptune Flood aims to provide customers with cutting-edge flood insurance solutions.
