Mercer joins Insurdata Advisory Board
• Mercer joins Nagel and Drattell on the Insurdata Advisory Board
• Mercer previously co-founder of Validus Re and founder of Ventus Risk Management
London, 06 August 2020 – Insurdata, the award-winning insurtech firm which specialises in the correction, creation and augmentation of peril-specific exposure and risk data via the Insurdata Platform, has today announced that Stuart Mercer has joined the company’s Advisory Board.
Mercer brings decades of industry experience to the Board with a career that spans both the re/insurance and ILS arenas. He has extensive knowledge of the value of precise, high-resolution data in the underwriting cycle having served as CEO and Founder of Ventus Risk Management, a technology and analytics-focused provider of coastal property insurance, and having previously co-founded Validus Re.
Mercer commented: “The re/insurance industry is changing rapidly and having had the opportunity to look at the Insurdata technology in detail, it’s clear to me that Insurdata is at the forefront of that change. The data platform creates the foundational layer upon which the industry can reduce volatility and ensure their key metrics for underwriting, pricing and risk transfer are precise. I’m really looking forward to working with Jason and the team.”
Mercer joins fellow Board members Eric Drattell and Marcus Nagel.
Drattell is an accomplished business leader, with extensive legal, business and compliance expertise across privacy, technology transactions, licensing and cloud/SaaS computing. He is currently General Counsel and Chief Compliance Officer for cloud-based FinTech company Roostify, and during his career was also Senior Vice President and General Counsel at risk modelling firm RMS.
Nagel is a hugely experienced insurance industry figure having held numerous senior positions at Zurich, including CEO of Zurich Germany, Chairman of Zurich Deutscher Herold and Global Head of IFA and broker business at Zurich Global Life.
Jason Futers, CEO of Insurdata, said: “I am delighted to welcome Stuart onto the Insurdata Advisory Board. He has been at the forefront of the evolution of underwriting data and analytics throughout his career and brings an incredible depth of market insight. With Eric, Marcus and Stuart we have a truly outstanding team guiding our development as we grow Insurdata’s market presence and boost our ability to enable our clients to optimise pricing, underwriting and risk assessment decisions.”
A New Face and a New Customer Portal at Insurdata
We’re very excited to announce that we recently expanded the Insurdata team as well as our offering for clients…
Paul Burgess, Head Of Client Development
As our work to improve the integrity of property insurance data continues apace, we are delighted that Paul Burgess, long-time catastrophe risk specialist and lately responsible for client development throughout Asia for RMS, has come on board to lead our client-facing activities.
Paul says: “This issue of inaccurate data is a big problem that has existed in the insurance industry for 20+ years. I think the approach and the technology being adopted by Insurdata solves that problem using an innovative marriage of human expertise and technology support and I’m excited to help spread the message about what it can do.”
New Customer Portal
We also recently launched our Customer Portal allowing users to visualise and interact with their data as they apply our proprietary technology to augment exposure location information and property attributes, all in a peril-relevant way.
The portal complements our existing API technology launched last year. We have continued to demonstrate the material impact that exposure data correction and augmentation can have on accumulation zones and modelled loss estimates (see Canopius case study).
If you’d like to understand what this could mean for your exposures, please email email@example.com.