Charles River Data Acquired by Neptune Flood to Strengthen its Underwriting System with Advanced Data Science and Machine Learning Capabilities.

Charles River Data, a data science consulting group based in Boston, has recently been acquired by Neptune Flood, a private flood insurer. This strategic move is aimed at strengthening Neptune’s underwriting system by incorporating advanced data science, machine learning, and artificial intelligence capabilities.

Founded by data scientists from Google and BCG GAMMA, Charles River Data specializes in offering customized data science solutions on a project-level or ongoing basis. Its team members have expertise in various areas such as geo-analytics, financial modeling, statistical analysis, image recognition, and machine learning tools.

Trevor Burgess, CEO of Neptune Flood, expressed excitement about the acquisition, stating that it aligns perfectly with the company’s goal of using technology to revolutionize the insurance industry. Mike Dezube, CEO of Charles River Data and former Google data scientist, will join Neptune as chief data science officer, along with Gleb Drobkov, former consultant at BCG X