[August 06, 2014]

EigenRisk, New Risk Analytics Company Enables 'Risk Ownership' for the (Re)Insurance and Risk Management Community

EigenRisk offers a speed-of-thought risk analytics and modeling execution platform to the (re)insurance and risk management community. This industry is currently struggling with "black box modeling," disconnected one-off tools, slow analysis times and high implementation costs.

"At EigenRisk, we are leveraging the latest advances in high-performance computing and big data technology to design, from the ground-up, a radically different way of consuming risk analytics in the enterprise," said Deepak Badoni, EigenRIsk Co-Founder and President. "We believe this paradigm shift will lead to a culture of 'risk ownership' as our customers are empowered to make faster and better decisions in rik selection, risk transfer and risk management."

Deepak Badoni, along with co-founders Phaneender Aedla, Eduardo Hernandez and Peter Jensen have over 70 years of combined experience in insurance and risk management, analytics, big data technology and computational algorithm design. Their vision is to be the leading provider of innovative risk analysis solutions for risk decision makers and the most trusted deployment platform for risk modelers.

EigenRisk serves insurers, reinsurers, brokers, corporate risk mangers and risk modelers. EigenRisk differentiates itself through key offerings:

1) Risk analytics and modeling platform built from the ground up for performance and transparency

2) Design for extensibility and crowdsourcing of models

3) Connected analytics on a common data and computational framework

EigenRisk is located in Ann Arbor, Michigan, Miami, Florida and Bengaluru, India. To learn more about EigenRisk visit www.eigenrisk.com and follow @sales_eigenrisk.

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