We noticed you are using an unsupported browser. In order to view this site, update to a modern browser.

Two Sigma Insurance Quantified Deepens Partnership with AIG

Two Sigma Insurance Quantified deepens partnership with AIG to accelerate use of data science and technology in insurance.

Two Sigma Insurance Quantified, LP, a recently established independent affiliate of Two Sigma Investments, LP, today announced a memorandum of understanding designed to expand its partnership with AIG, a move that continues the data-driven evolution of insurance underwriting.

Under the terms of the memorandum, AIG and Two Sigma Insurance Quantified will enter into a partnership to leverage Two Sigma Insurance Quantified’s insurance-focused data science and technology expertise for a broad spectrum of commercial insurance underwritten globally by AIG.

The memorandum underscores Two Sigma Insurance Quantified’s commitment to transforming commercial insurance through data science and technology, and its emphasis on deep partnership with industry-leading companies.

Putting data science and technology to work in our industry has been on my agenda for some time.

Brain Duperreault, Incoming AIG President and Chief Executive Officer

“Insurance is intrinsic to economic growth,” said David Siegel, co-founder and co-chairman of Two Sigma Investments, LP. “Data science and technology open a world of opportunity for this industry, from more practical protection and smarter processes to a better understanding of risk. This can be done while also lowering costs and more efficiently utilizing resources. We are excited that Two Sigma Insurance Quantified will be working with both AIG and Hamilton to further capitalize on these benefits.”

The agreement also follows Two Sigma’s investment in Attune, the data-enabled technology platform launched in September 2016 in conjunction with AIG and Hamilton Insurance Group to serve the U.S. small to medium-sized commercial insurance market.  As part of a separate agreement developed at the same time, Attune’s target market will be expanded to include companies with annual revenues of up to $35 million, a target market segment of up to $150 billion.”

More information on Two Sigma Insurance Quantified can be found here.

This article is not an endorsement by Two Sigma of the papers discussed, their viewpoints or the companies discussed. The views expressed above reflect those of the authors and are not necessarily the views of Two Sigma Investments, LP or any of its affiliates (collectively, “Two Sigma”). The information presented above is only for informational and educational purposes and is not an offer to sell or the solicitation of an offer to buy any securities or other instruments. Additionally, the above information is not intended to provide, and should not be relied upon for investment, accounting, legal or tax advice. Two Sigma makes no representations, express or implied, regarding the accuracy or completeness of this information, and the reader accepts all risks in relying on the above information for any purpose whatsoever. Click here for other important disclaimers and disclosures.

Related Reading