Insurance Veterans Lead Confianza, Big Data Analytics Startup for Smaller Insurers

Two insurance industry veterans have launched Confianza, a new data analytics company focused on smaller insurers.

One co-founder – Jeffrey Glazer – is a past chief executive officer of Activer Solutions and Insurity, and was a past CEO of Insurance Solutions at LexisNexis. He was also a vice president of Equifax and divisional officer at Hartford Insurance Group. His insurance industry experience goes back more than 35 years.

The other co-founder – John Petricelli – is a data analytics professional with 35 years of insurance industry experience in areas including managing general agency/carrier and service providers, and was a senior executive with both LexisNexis and Verisk. Confianza’s deal launch describes Petricelli as a serial entrepreneur who has started multiple companies.

The founders of the New Mexico company describe Confianza as offering comprehensive data along with “innovative technology, advanced data processing and analytics to provide the critical information and insight needed to help the insurance industry make important decisions.”

“Through our proprietary technology and the experience of our leadership team, Confianza empowers agents, brokers and carriers with the modern tools, and better information, to make it easier for them to do business,” Glazer said.

Confianza said it helps carriers secure data and comprehensive information about potential or existing clients in one place. The company claims its veteran leadership has insurance industry connections that can help small to mid-size companies.

Petricelli, in prepared remarks, said Confianza is designed to go beyond “leading data/analytic companies” that focus on only the largest carriers and haven’t changed their models “to reflect the changing workflows of an insurance risk.”

Confianza is based in Albuquerque, with offices in Georgia and Florida.

Source: Confianza

Topics Carriers InsurTech Data Driven