Reinsurance News

Carpe Data names William Magowan as Chief Revenue Officer

9th August 2022 - Author: Kassandra Jimenez-Sanchez

Carpe Data, an emerging and alternative data provider for the insurance industry has appointed William Magowan Chief Revenue Officer, assuming the role after Jim Andrews was appointed Carpe Data’s Chief Customer Officer.

Carpe-DataMagowan brings 20 years of experience building compelling go-to-market strategies in the insurance and insurance technology sectors.

Prior to joining Carpe Data he spent over a decade as Director of Sales at Duck Creek Technologies, a leading provider of SaaS solutions to the P&C insurance marketplace; he was instrumental in its growth from $40 million in revenue in 2011 to $260 million in 2021.

Prior to Duck Creek, Magowan spent nearly 10 years at Insurity, a leading Insurtech servicing the P&C insurance industry, where he was responsible for over threefold revenue growth during his tenure.

Magowan said: “Increased claims severity, social inflation and high adjustor turn over continue to pressure casualty loss costs.

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“Carpe Data has established themselves as the de-facto market leader for use of emerging data to drive automation and improve outcomes for insurance carriers such as Allstate, Farmers, The Hartford, Travelers, and Zurich.

“I am excited to join the team and look forward to helping carriers realise the value of alternative data for predictive and actionable claims and underwriting insights.”

Magowan’s appointment follows other senior hires made by Carpe Data since the start of 2022, which also includes Scot Barton, VP of Commercial Products.

Max Drucker, CEO of Carpe Data, commented: “More than a top sales leader, William fosters cross-functional collaboration which has enabled him to drive product innovation, customer satisfaction and profitable growth at leading Insurtechs throughout his impressive career.

“As Carpe Data continues to penetrate core segments, introduce new products, and expand offerings across the policy life-cycle, William will play a key role in our accelerated go-to-market strategy, and we are confident he will only help strengthen Carpe Data’s position as the next-generation data company for insurance.”

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