Specialist insurance provider, CFC announced it has acquired London insurtech ThreatInformer, its second acquisition in the past six months.
ThreatInformer helps insurance companies better understand their customers’ exposures by leveraging a combination of big data and machine learning to compile information about their risk profile from a variety of external sources.
CFC will integrate ThreatInformer with its own exclusive technology and will continue to modernise and improve the underwriting process as well as identify patterns in claims data to ultimately help predict and prevent client losses.
Dave Walsh, CFC CEO said: “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. Bringing ThreatInformer’s unique technology in-house was a natural next step for us and builds on a number of exciting projects already underway.”