"NominoData's innovation and commitment to empowering better risk management complements our mission of applying a more systematic underwriting process to promote safer practices." "We are excited to make OFACplus available to TSIQ's client base and look forward to working together to further simplify fraud detection," said Al Macdonald, Chief Executive Officer of NominoData. By integrating the OFACplus dataset with our SubmissionIQ platform, we're further enhancing the underwriter's experience and instilling confidence along the way," said Jeff Tyler, Head of Product, Data Science, and Engineering at Two Sigma Insurance Quantified. "At TSIQ, we are committed to making sure underwriters have the data where and when they need it to make more informed and consistent decisions.
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Use cases in TSIQ's currently active industries include fraud detection in commercial transportation for firms to better verify company and driver identity, and professional liability programs to validate businesses and individuals within a practice. Through an API integration with SubmissionIQ, underwriting teams can quickly and easily call the data to verify an individual or company identity, flagging any high-risk information. The OFACplus dataset aggregates high-risk watch lists into a single, easily consumable data file to help manage risk and sanctions. By incorporating this data directly into their workflows, firms will improve their ability to detect fraud and strengthen risk management earlier in the underwriting process. Through this partnership, NominoData's OFACplus dataset will now be available to customers of TSIQ's underwriting workbench solution, SubmissionIQ. New York, NY /PRNewswire/ - Two Sigma Insurance Quantified (TSIQ), a leading underwriting technology company for the commercial property and casualty industry, today announced a partnership with NominoData, a solutions company helping clients with worldwide identity, compliance and risk management. In November, The Wall Street Journal reported the quantitative hedge-fund firm plans to spin off Two Sigma Private Investments into a business called Sightway Capital and register it with the SEC this month.Ī representative from Two Sigma declined to comment.Two Sigma Insurance Quantified And NominoData Announce Partnership To Detect, Reduce Insurance Fraud
Two Sigma has grown from $6 billion in 2011 to more than $50 billion in 2017. When she joined Two Sigma, CEO Nobel Gulati said Williams’ experience as an allocator, consultant, and trustee, “uniquely positions her to partner with our clients to develop asset allocation, risk optimization, and execution solutions.” Williams also spent 12 years as a senior consultant for large institutional investors at Wilshire Associates, and holds a Ph.D in finance from Arizona State University. Williams had been the CIO of Farmers Insurance after three years as head of insurance investment at Farmers. She was hired to focus on data- and technology-driven products, and to oversee the firm’s advisory business. She had joined the firm in July 2016 as the hedge fund’s first head of client solutions.
Karyn Williams has left her role as managing director and head of client solutions at Two Sigma Investments LP.
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