2019 Winner Profile

Everest Reinsurance Co.

Project Description:
Catapult is a tool to consistently, and profitably, price all insurance policies related to catastrophes. The system uses complex algorithms, integrated with sophisticated modeling tools. The app takes into account variables including probable maximum loss, standard deviation, and return on equity. The system has helped increase Everest's catastrophe-related revenue business by 500%. It's also improved responsiveness to clients by pricing deals in hours, something that in the past would take days.
Business Goal:
Competitive Advantage
CIO:
Sandeep Bajaj
CEO:
Dominic Addesso
Headquarters:
Hamilton, Bermuda
Industry:
Insurance
Website:
https://www.everestre.com/
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