Hudson Structured, Nephila invest in AI property data insurtech Tensorflight - Artemis.bm
Summary
Run by former Google and Microsoft engineers, Tensorflight has secured the backing of key strategic investors in the insurance industry, including now insurance-linked investment specialists Hudson Structured and Nephila Capital. “We are excited about continuing our journey of automating commercial property insurance,” explained Robert Kozikowski, who co-founded the company along with Zbigniew Wojna. “We will use the additional funding to expand the team with a head of sales in New York or New Jersey and engineering in Warsaw or New York.” Adam Plotkin, Partner at ff Venture Capital, added “Tensorflight is a perfect illustration of our strategy to invest in companies that apply cutting-edge AI and machine learning models to solve specific, valuable problems in industry verticals. For reinsurance partners, knowing property underwriters are writing business informed with the best possible exposure and building level data can provide greater confidence and result in better execution of transactions. We’re incredibly excited to see their business grow for years to come.” For ILS funds that might like to move along the value-chain, such as Nephila has done with its MGA and other activities, this data can also prove useful in improving underwriting processes and the overall quality of portfolios as well.