As the frequency and quantity of risks increase in the world, the need to protect people and property in the face of disasters has never been more acute. Transparency surrounding the characteristics and resilience of commercial properties enables owners and lessees as well as insurers to create a safer, more sustainable environment. There are many details about commercial property that inform risk. The founders of Archipelago envision a streamlined platform where those details and supporting evidence are aggregated, interpreted, enriched, transformed, and shared. This platform makes it easier for owners, lessees, brokers, and carriers to make decisions to reduce the risk and increase the resilience of commercial property.
Archipelago is committed to unlocking the power of better data.
Archipelago is an AI technology and data analytics company transforming how commercial property risks are understood, managed, and presented by commercial real estate owners' and lessees' risk managers. Using our platform, large buyers of commercial property insurance are connecting, managing, and analyzing detailed, high-quality risk and insurance data on their portfolio exposures while communicating and securely sharing this data with insurance brokers and carriers across the market. Our platform enables brokers and insurers to efficiently connect to high-quality data to deliver innovative services and coverage solutions to their customers.
This enriched, verified commercial property risk data is used by underwriters to evaluate risk as they write commercial property insurance and to better facilitate accurate analysis. The outcome is greater transparency, reduction of process redundancies, and better decision-making by all parties throughout the property lifecycle. Archipelago customers are at the forefront of understanding and showcasing their stewardship to create a more resilient and safer world.
Our founders brought together a passion for data and a history of using technology to transform industries.
Hemant Shah, our CEO, founded RMS—the leading risk-modeling platform—while a graduate student at Stanford. Hemant led RMS to become an industry standard with over 1,200 employees. And as he sought out possibilities to improve RMS models, he was dismayed by the impact incomplete or incorrect data would have on the model projections. Hemant started Archipelago to solve the first-order problem—provide the market with the highest-quality, verified, and secure data from which to assess risk.
Roger Bodamer, our COO/CTO, is a Silicon Valley distributed database legend, having led engineering at Apple and product at MongoDB. Roger pursues opportunities where AI and structure can transform an industry and came to Archipelago to improve one of the largest, most complex, and most impactful data sets in the world—commercial property risk data. Together, Hemant and Roger bring rich experience and contextual knowledge to improving the commercial property insurance process.