Carpe Data Partners with EverPeak Insurance to Streamline and Accelerate Underwriting

Carpe Data, a leading provider of predictive data for the insurance industry, today announced a partnership with EverPeak Insurance, a new workers’ compensation solution created by Pinnacol Assurance and designed for employers and agents nationwide. EverPeak will integrate Carpe Data’s Minerva platform to streamline and accelerate EverPeak’s underwriting process as they prepare for national expansion.

EverPeak Insurance is a Managing General Agency, acting as a bridge between businesses and insurance carriers to ensure they secure the appropriate workers’ compensation coverage. The Minerva platform will equip EverPeak with real-time access to a comprehensive database encompassing over 90% of insurable businesses nationwide. This translates to immediate risk insights at the point of quote, enabling accurate North American Industry Classification System (NAICS) codes and facilitating faster underwriting decisions for their partners.

“As a Managing General Agency, our model thrives on swift, accurate risk assessment and pricing,” said Vlad Stojanovic, COO of EverPeak Insurance. “This partnership is key to our growth strategy, particularly with our ‘no-touch, bind-or-decline’ service. It effectively powers our approvals and denials, reducing manual intervention.”

In addition to its massive data library, Carpe Data’s Minerva platform leverages advanced data analysis to extract information relevant to workers’ compensation risk. This data is then transformed into actionable insights, empowering EverPeak Insurance to make faster, more informed underwriting decisions for their partner carriers. By providing risk assessment and utilizing these insights, Minerva streamlines the entire process. This leads to significantly shorter turnaround times for businesses seeking workers’ compensation coverage while allowing EverPeak Insurance to scale faster. With Minerva, underwriters at EverPeak can focus their expertise on reviewing exceptions, rather than needing to assess every single policy application.

“Part of our mission is to accelerate small business underwriting by providing powerful tools to underwriters to make their work easier,” said Max Drucker, CEO of Carpe Data. “We’re thrilled to partner with EverPeak Insurance and empower them to strengthen their underwriting capabilities without adding strain on their employees. This will allow them to achieve their goals and continue offering best-in-class workers’ compensation insurance.”