August 9, 2021 (Newswire.com) –
At the moment, Verikai introduced that co-founder and Chief Govt Officer, Hari Sundram, will transition the position of CEO to present President & Chief Income Officer, Jeffrey Chen, who will even be becoming a member of the board of administrators. As CEO, Jeff will oversee all firm operations.
“This shift is one thing we have deliberate for a very long time, and the time is now,” stated Hari Sundram. “Jeff joined Verikai a very long time in the past and constructed out all the corporate’s main features we would have liked to make it profitable. It is one factor to start out an organization, however a complete completely different beast to scale it. Jeff has been the architect of our operational technique, creating the processes we would have liked, then honing them so we might develop on the fee the market demanded.”
“Once I began Verikai, the objective was all the time for me to develop on the thesis that the usage of various information coupled with machine studying might significantly enhance danger prediction. Now that we now have proved this thesis true with our market traction, it is time for Verikai to scale. Having Jeff’s background as a former administration guide alongside along with his insurance coverage software program expertise makes him the right particular person to steer Verikai into the subsequent part,” stated Sundram. “I could not be extra assured in Verikai’s future with Jeff main the cost.”
“I am honored to be appointed the CEO of Verikai at such an thrilling time in our firm historical past,” stated Jeff Chen. “Within the final 12 months alone, we now have seen great enchancment of our danger fashions in addition to the launch of our game-changing Market. Our market momentum is palpable and with a lot upside, the alternatives really feel infinite.”
“I might prefer to thank Hari for his steerage and management, and for entrusting me with the chance to steer the good group that he constructed,” stated Chen. “I’ve been fortunate to work side-by-side and study from the most effective entrepreneurs I do know. Utilizing his distinctive imaginative and prescient and market information, he has laid out a plan for Verikai to realize nice issues for a few years to return.”
Based in 2018, Verikai is an insurance coverage know-how firm leveraging various information and machine studying to vary the way in which the business views danger. Our well-established database of greater than 1.3 trillion information factors contains over 5,000 conduct attributes for 250+ million individuals in the US and gives deep perception to those people’ true well being dangers. With this information, Verikai generates danger reviews in real-time with solely a census. This higher perception helps insurance coverage firms enhance new enterprise, scale back losses and enhance effectivity within the underwriting course of – and in the end, present customers and companies with higher entry to a broader vary of insurance coverage merchandise.