Two Sigma Investments LP spent the past 15 years honing its quantitative approach to investing. Now, it is turning its number-crunching prowess on new prey: insurance. The firm is joining with American International Group Inc. and Hamilton Insurance Group Ltd. to provide an automated, online analytical system to issue policies in minutes to smaller businesses like clothing shops, beauty parlors and medical offices. Under...
Two Sigma , the $ 500 hedge fund regarded as one of the industry 's most sophisticated users of insurance , is applying its data science expertise to insurance . The firm will develop Attune , an online platform to automatically issue insurance cover for smaller businesses , in partnership with American International Group and Hamilton Insurance . # ##point believes that as well as automating the process , it can leverage data science to do a better job of underwriting policies for SMEs .