QuantivRisk Secures $925K to Revolutionize Auto Insurance with Crash Data

In a significant move that underscores the transformative potential of data science in auto insurance, New York-based QuantivRisk has successfully raised $925,000 in funding. This promising startup, founded in 2020 by former Sapiens Chief of P&C Product and Business Strategy John Pettit, is pioneering the use of Vehicle Performance Data (VPD) to revolutionize how accident claims are evaluated and resolved.

This investment will enable the company to expand its cutting-edge solutions designed to provide objective, data-backed insights into vehicle collisions. Their flagship tool, CRASHVIEW™, offers an “instant replay” of vehicle collisions, utilizing the VPD generated by modern vehicles to establish undeniable facts about accident circumstances.

QuantivRisk, led by industry veteran John Pettit, is at the forefront of leveraging advanced technology to address longstanding challenges in the auto insurance sector. Pettit’s extensive experience in the insurance industry, particularly in product and business strategy, positions QuantivRisk as a formidable player in the field of insurance technology.

The funding announcement was made on June 20, 2024, marking a significant milestone for QuantivRisk as it continues to develop and refine its innovative solutions.

For insurers, automakers, and other stakeholders in the auto industry, QuantivRisk’s technology offers a transformative approach to accident claims. By eliminating subjectivity in claims resolution and liability determination, their VPD-based solutions promise greater accuracy, fairness, and efficiency. This development is particularly crucial as the industry grapples with increasing demand for transparency and data-driven decision-making.