Nick Gerhart Joins Carpe Data’s Board of Directors

Santa Barbara, CA, December 20, 2017 --(PR.com)-- Carpe Data, the leading provider of
next-generation data products for the insurance industry, announces today that former Iowa Insurance
Commissioner, Nick Gerhart, CFA, will formally be joining the company's Board of Directors. With his
extensive experience in strategy, new technologies and innovation in the insurance industry, Gerhart will
play a key role in enhancing and accelerating Carpe Data's ongoing development of innovative, predictive
data products, especially in the essential areas of data science and actuarial science.

“What's really intriguing to me is being at the leading edge in a real growth space with an InsureTech
company like Carpe Data that understands insurance and respects the role of regulators,” Gerhart
explained. “In looking ahead, I see next generation data playing a pivotal role in the evolution of our
industry.”

For more information about this release, Carpe Data or how social media risk scoring can help improve
your underwriting, please visit the company website at https://carpe.io.

Carpe Data provides next generation predictive scoring and data products to P&C and life insurance
companies. Leveraging the social web, online content, email intelligence, and other forms of advanced
and alternative data, Carpe Data's products enable insurers to more accurately predict risk and innovate
with new products to meet changing customer habits.

Headquartered in Santa Barbara, California, the team has deep roots in software and insurance. Our
founders have been working together to innovate the insurance industry for more than 15 years. For more
information, visit the Carpe Data website at https://carpe.io/.

Carpe Data serves the insurance industry with fully automated data and predictive scoring products, with
offerings that allow carriers to leverage valuable online data and enable them to gain greater insight into
risks and significantly enhance many aspects of the insurance life cycle, from prospect identification,
intake, validation, underwriting, claims, and renewal to book, market, and product assessment. The Carpe
Data team boasts veteran status in technology and unique data, creating product offerings that reflect the
company's core values of privacy, productivity, and innovation.

In less than a year, Carpe Data has achieved success after success, from raising $6.6 million in Series A
funding from Aquiline Technology Growth to a swiftly expanding list of clients and
partnerships—most recently bringing Allstate, the nation's top insurance carrier, on board as a
client. Now seen as a leader in InsureTech, Carpe Data is focused on fine-tuning its existing products and
forging new ones to better assist insurance companies increase productivity and profitability, while
continuing to provide their customers with best-in-class service that meets the highest regulatory
standards.

Gerhart's storied four-year term as the Insurance Commissioner for the Iowa Insurance Division, one of
the largest domestic insurance states in the nation, promises to be a boon during this swift trajectory of

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growth and product development for Carpe Data. As the current Chief Administrative Officer of Farm
Bureau Financial Services, Gerhart will share his expertise in creating strategic initiatives that enhance
consumer experience and improving operational efficiencies. Gerhart has also been an advisor to
numerous InsureTech startups, doing extensive research in order to mentor those he believes will one day
transform and bring overall improvements to the insurance industry.

“Nick brings a tremendous amount of talent and expertise to Carpe Data through his career as a regulator,
industry leader, and a key driver of InsureTech,” said Max Drucker, CEO of Carpe Data. “His decision to
join our Board of Directors further validates the value and transformative impact of next generation data
and Carpe Data's place as the future of insurance. We are excited to have him on our team.”

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Contact Information:
Carpe Data
Jennifer St. James
877-342-2773
Contact via Email
https://carpe.io

Online Version of Press Release:

You can read the online version of this press release at: https://www.pr.com/press-release/739471

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