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CARPE DATA

Next-generation insurance data powered by AI -- enabling smarter claims and commercial underwriting decisions.

Claims Technology Growth PE-Backed (Thomas H. Lee Partners, majority investor since 2022)
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Overview

Carpe Data is a leading insurtech data company providing next-generation AI-powered online data solutions for the property and casualty insurance industry. Founded in 2016 by Max Drucker, Jim Andrews, and Geoff Andrews in Santa Barbara, California, the company harnesses millions of publicly available online sources with advanced data science and AI to deliver unique insights at every stage of the insurance lifecycle -- from claims investigation to commercial underwriting.

With more than 140 employees globally across Santa Barbara and a Lisbon, Portugal engineering hub (opened 2018), Carpe Data serves more than 40 top P&C carriers across the U.S., Canada, and the U.K. Its platform helps carriers detect claims fraud faster, automate claims workflows, assess small business risks more accurately, and reduce combined ratios through better decisioning.

In 2026, the company marked its tenth anniversary with the addition of insurance veteran Glenn Shapiro as Board Chairman. Recent milestones include integration into the Verisk ClaimSearch ecosystem (December 2025), a partnership with Harbor.ai for E&S underwriting (October 2025), and multiple industry award wins. The company was acquired as a majority stake by Thomas H. Lee Partners (THL) in April 2022, reflecting its transition from venture-backed startup to PE-backed growth company.

Products & Services

Claims Solutions

AI-powered data products for claims investigation, fraud detection, and injury validation across the P&C claims lifecycle. Key Products:

Key Features

  • Online Injury Alerts: Validates claimant identity, confirms loss facts, and delivers automated alerts to claims teams via continuous online monitoring
  • Investigative Reports: Uses AI to source and compile online evidence supporting SIU investigations
  • ClaimsX Ultra: Advanced fraud detection platform powered by online data signals

Target Users: Claims adjusters, SIU teams, TPAs

Commercial Solutions

Business risk intelligence for commercial lines underwriting and pricing, powered by the Minerva platform. Key Products:

Key Features

  • Minerva Risk Score: AI-driven business risk assessment providing real-time access to data on more than 90% of insurable businesses nationwide
  • Commercial Underwriting: Improves underwriting accuracy and speeds decisioning for commercial lines
  • Commercial Pricing: Risk modeling and ROI enhancement for commercial lines portfolios

Target Users: Commercial lines underwriters, pricing actuaries, MGAs

At a Glance

Founded
2016
Headquarters
Santa Barbara, California
Employees
51-200
Funding
PE-Backed (Thomas H. Lee Partners, majority investor since 2022)

Category & Focus

Category
Claims Technology
Subcategories
Claims Intelligence Fraud Detection Commercial Underwriting Data Enrichment AI/ML
Insurance Verticals
P&C Commercial P&C Personal Workers Compensation Specialty/E&S
Target Customers
Carriers, Underwriters, TPAs, MGAs/MGUs

Customers

  • Allstate
  • Farmers Insurance
  • Zurich
  • The Hanover
  • Verisk (ClaimSearch ecosystem integration, December 2025)
  • Harbor.ai (E&S underwriting partnership, October 2025)
  • Duck Creek Technologies (claims and underwriting platform integration, May 2023)
  • EverPeak Insurance / Pinnacol Assurance (workers comp underwriting, August 2024)

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Last updated: 2026-04-09