Two Sigma, the $30bn hedge fund regarded as one of the industry's most sophisticated users of technology, is applying its data science expertise to insurance. The firm will create Attune, an online platform to automatically issue insurance cover for smaller businesses, in partnership with American International Group and Hamilton Insurance. In a statement, Mr Buffett said he was "delighted" by the deal.
Two Sigma, the $30bn hedge fund regarded as one of the industry's most sophisticated users of technology, is applying its data science expertise to insurance. The firm will create Attune, an online platform to automatically issue insurance cover for smaller businesses, in partnership with American International Group and Hamilton Insurance. Two Sigma believes that as well as automating the process, it can use data science to do a better job of underwriting policies for SMEs.