Columbia, S.C. — In business less than one year, EagleEye Analytics, an insurance technology company that concentrates on predictive analytics and data information services, has chosen Columbia, S.C. for its new corporate headquarters.
The company, formed in March 2007, was founded by several seasoned insurance industry executives, and has more than 100 employees. It ended 2007 with $8 million in revenue. The company has had a busy year. In May 2007 the company acquired Advanced Field Services, a Coeur D’Alene, Idaho, provider of traditional and alternative information reporting solutions to the insurance and real estate industries.
Funded by Pequot Ventures of New York City that has $2 billion under management, EagleEye Analytics offers the following solutions and services:
-- INSIGHT- A Web-based, easy-to-use, underwriting and pricing solution that, according to the company, uses advanced technologies to identify risk characteristics that relate to the profitability of business enabling property/casualty insurance companies to implement proprietary pricing, underwriting and marketing strategies.
-- ONSIGHT- A single-source, Web-based portal, which is designed to enable property insurers to access prompt and accurate inspection information for property insurance risks.
-- VERISIGHT- A Web-based solution designed to enable property/casualty insurers to electronically validate insurance application data using satellite and demographic databases.
Larry Wilson, chairman of the board of EagleEye Analytics and a venture partner at Pequot Ventures, cited the significant positive impact that the company will have on the insurance industry. Wilson noted, "This innovative technology is a breakthrough for the industry and will fundamentally change the way insurance companies evaluate, underwrite, and price insurance risks."
Source: EagleEye Analytics
