EagleEye Analytics Inc., a provider of predictive analytics solutions to the insurance industry, has appointed Roger Burkhardt as president and CEO. EagleEye says that, after successfully establishing itself in the market, the company now is launching into the next phase of growth and bringing in a proven CEO to lead this effort.
Burkhardt’s background includes experience at IBM, where he was responsible for its Wall Street business. He also worked at the New York Stock Exchange, where as CTO and EVP, he led the 2000-person division in NYSE’s move to electronic trading and advanced analytics, says EagleEye. Most recently, as CEO of Ingres Corp., Burkhardt grew the business by more than 300 percent, while driving the business to profitability and maximizing analytic database technology.
EagleEye says Burkhardt will bring his insight into the parallels between the impact of analytics on capital markets and current applications of predictive modeling insurance. Analytics were first applied in investment management to guide overall strategy via periodic asset allocation models. They are now used to drive real-time investment decisions. Insurance, similarly, is moving beyond periodic pricing analyses. A broader impact will range from much more granular and targeted pricing changes to service level optimization, agency management, policy terms and conditions and marketing.
