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

PRIVATEJun 21, 2023

Acquiring Company

Insurance Quantified

Acquired Company

Groundspeed Analytics

Financial ServicesSoftwareAnalyticsInsuranceInformation TechnologySoftwareAnalyticsRisk Management

Description

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.

Quick answer

Insurance Quantified is acquiring Groundspeed Analytics, announced June 21, 2023.

How much did Insurance Quantified pay for Groundspeed Analytics?
The deal value was not disclosed.
What does Insurance Quantified do?
Insurance Quantified is an underwriting technology provider that arms commercial property and casualty insurance carriers and MGAs with the data and analytics they need to grow their business, improve underwriting..

Source: Fundz verified event record.

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Company Information

Company

Insurance Quantified

About

Insurance Quantified is an underwriting technology provider that arms commercial property and casualty insurance carriers and MGAs with the data and analytics they need to grow their business, improve underwriting profitability and be a preferred partner and employer. Backed by Two Sigma, a pioneer and global leader in the financial sciences, we believe that systematically delivering the right data to the right people at the right time through a unified underwriting workbench will enable faster coverage decisions, more agile product innovation and significant risk reduction for all participants in the underwriting value chain. Learn more at insurancequantified.com.

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Frequently asked

Who acquired Groundspeed Analytics?

Groundspeed Analytics was acquired by Insurance Quantified. The deal was reported on June 21, 2023. Insurance Quantified is privately held and operates in Financial Services.

When did Insurance Quantified acquire Groundspeed Analytics?

Insurance Quantified's acquisition of Groundspeed Analytics was reported on June 21, 2023. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Groundspeed Analytics do?

Groundspeed is the leading ingestion and data solutions provider for the commercial P&C industry. The company's API-based solution automates the ingestion and enrichment of unstructured risk information in policy applications. It is privately held, operating in Information Technology.

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