Neptune Flood, a St. Petersburg-based private flood insurance company, acquired Charles River Data, a Boston-based data science consulting group.
This strategic move aims to bolster Neptune Flood’s, already innovative, Triton underwriting system through advanced data science, machine learning and artificial intelligence capabilities.
Charles River Data has a background rooted in big tech and academia, enhancing Neptune’s ability to analyze and underwrite flood risk with even greater precision and speed.
“The integration of Charles River Data’s expertise will enable us to expand our analytical capabilities, ensuring faster and more accurate flood risk assessments for our customers,” said Trevor Burgess, chief executive officer of Neptune Flood. “This acquisition aligns perfectly with our commitment to leveraging the best technology to revolutionize insurance.”