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Neptune Flood Acquires Data Science Firm to Enhance Its AI-Driven Flood Insurance

May 2, 2024

Private flood insurer Neptune Flood reported it has acquired Charles River Data, a Boston-based data science consulting group. According to Neptune, the strategic move will bolster its underwriting system through advanced data science, machine learning, and artificial intelligence capabilities.

Charles River Data was founded by data scientists from Google and BCG GAMMA to offer custom data science solutions on a project-level or ongoing basis. Its team members have worked on geo-analytics, financial modeling, statistical and causal analysis, image recognition, natural language processing, personalized marketing, optimization and other machine learning tools.

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