Specialist insurer CFC has announced the acquisition of London-based insurtech ThreatInformer.
ThreatInformer leverages big data and machine learning tools to help insurers better understand their customers’ exposures.
The insurtech compiles readily-available information about their risk profile from a variety of external sources.
CFC hopes to streamline and improve its underwriting process and uncover patterns in claims data by integrating ThreatInformer with its own suite of proprietary technology.
“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, CFC Chief Executive Officer.
“Our new cyber platform is just one example of how CFC are using data in innovative ways to vastly improve the process of buying and selling insurance.”
“Bringing ThreatInformer’s unique technology in-house was a natural next step for us and builds on a number of exciting projects already underway,” added Walsh.
ThreatInformer is CFC’s second acquisition in the past six months, following the company’s acquisition of incident response firm Solis Security.