CFC, the specialist managing general agent, announced it has acquired the London-based insurtech firm, ThreatInformer.
Leveraging a combination of artificial intelligence and machine learning, ThreatInformer’s data enrichment technology helps insurance companies better understand their customers’ exposures by compiling readily-available information about their risk profile from a variety of external sources, said a statement from London-based CFC, which specializes in emerging risk.
By integrating ThreatInformer with its own suite of proprietary technology, CFC will continue to streamline and improve key activities in the underwriting process as well as uncover patterns in claims data to help predict and prevent client losses.
Financial details of the deal were not disclosed.
“Putting technology and data at the heart of everything we do is what sets CFC apart and is critical to staying competitive in today’s market,” said Dave Walsh, CEO of CFC. “Bringing ThreatInformer’s unique technology in-house was a natural next step for us and builds on a number of exciting projects already underway.”
ThreatInformer is CFC’s second acquisition in the past six months, following the company’s acquisition of incident response firm Solis Security. Both deals seek to expand CFC’s technical capabilities in key areas of underwriting and claims handling.
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