quakeranalytics

12 years of predicting BI claim outcomes for commercial auto + GL carriers. 15 employees mostly in Chicago and NYC. Investor in #insurtech #insurance

[quakeranalytics @quakeranalytics]

Defense teams shouldn’t rely on gut instinct.

At Quaker Analytics, we analyze litigation & claims data to uncover:
• Emerging risk trends
• Venue exposure patterns
• Counsel performance insights
• Settlement benchmarks

Follow us for data-driven insights for insurance & defense professionals.

[quakeranalytics @quakeranalytics]

Okay word.... and nothing but respect.

I'd dive into it but any LLM can articulate the perils of D&O claims in startup land better than me, and why most D&O underwriters steer clear of startups (or price the well-funded ones very high, massive deductibles, pack the policy with exclusions, etc.). But if they can attract some serious D&O underwriting talent, then they can most certainly compete.

Wishing the best for Corgi

[quakeranalytics @quakeranalytics]

Genuinely curious do you know much about the insurance industry? Not attacking... just wondering what your background is. If not that's cool, just probably doesn't make sense for me to go into the intricacies of the lines of business they're getting into (Cyber / D&O / E&O / CGL are brutal, long-tail lines... won't know if priced correctly for many years), nor the graveyard of companies who have tried and failed

[quakeranalytics @quakeranalytics]

"Typically don't sue", yes... but of course some do and the whole pool pays for those losses every year...

And the only question mark IMO is that the industry doesn't make money on constantly acquiring new customers. Look at commercial auto, which has been a disaster... carriers constantly acquiring new owner operators who go out of business 6 months later... lots of them don't pay premiums, and of course tons have claims (obviously much more severe claims, but the rates reflect that). All the money in the business is made off of the renewal book. New business always performs worse for obvious reasons (no loss history, possibly inadequate rates, stable operations, etc.).

Lastly, there are tons and tons of insurtechs and carriers who offer lightning fast "speed to bind" for biz insurance. If anything, wouldn't startup founders be savvier than the average bear at comparing rates?

Not saying it all can't be done, just pointing out some counterarguments....

[quakeranalytics @quakeranalytics]

Are they using a TPA for their claims as well? If so... yikes

There's a huge graveyard of tech outsiders who looked at commercial auto, saw that essentially no one outside of Progressive has made any money in the past 10+ years, and think, "That's just b/c none of these old insurance dinosaurs understand tech."

God bless em. Wish them well too.

If it does implode, in some ways it's probably healthier for the whole ecosystem if unsophisticated investors are more inclined to stay on the sidelines in the future.... Let more sophisticated investors back *experienced* insurance entrepreneurs who will underwrite responsibly, handle claims well and provide healthy competition for the market at adequately-priced rates.

[quakeranalytics @quakeranalytics]

@PC_360 Shout out to @rethoughtins doing incredible work in the flood space

[quakeranalytics @quakeranalytics]

@AnAISolutions CEO's starting to realize this right now

[quakeranalytics @quakeranalytics]

Great program here... highly recommended if you're building in the InsurTech space. David Gritz and Tony Lew do an outstanding job and are as well-connected as it gets in the insurance ecosystem.

[New York City InsurTech Startups + Carriers @InsurTechNY]

@quakeranalytics Our MGA Lab is currently open for the 2026 cohort.

An excellent opportunity for companies that want to build their very own MGA, or expand an existing product line.

Only 12 spots available in the program, closing July 10th.

[quakeranalytics @quakeranalytics]

@CedarStResearch 💯

[quakeranalytics @quakeranalytics]

Great point. All lines of biz with multi-year tails. Looking forward to seeing the first full loss-development triangles whenever they show up.

Most interesting to me is the head-first dive into AI Liability coverage, to which obviously no loss data exists. Pretty significant bet and perhaps an underwriting time bomb once the first real major "hallucination-induced damages" claim works its way through the courts. I'm sure their angle is "we're going to build a data moat and will quickly adjust pricing as necessary" but that's a lot easier said than done. There's a reason carriers with much larger / healthier balance sheets and significantly better reinsurance relationships are proceeding with caution.

[quakeranalytics @quakeranalytics]

@SteveMcGov @maxekane Very smart investment 👏

Congrats Max

[quakeranalytics @quakeranalytics]

@CarrierMgmt 91.4 combined ratio for Q1 is impressive. Quite the turnaround story in a tough rate environment. Congrats @RootInsurance

[quakeranalytics @quakeranalytics]

@TyRobben Respect! 🫡

[quakeranalytics @quakeranalytics]

Anyone wondering why VC's + Insurtech MGA's don't really mix... just send them this clip. Generalist VC's will never have the patience necessary to slowly build a profitable book of business (nor should they given their business model)

Some great Insurtech-focused VC's out there who get it though (@InsurTechNY, Markd, etc.)

[CapexAndChill @CapexAndChill]

One important lesson for all investors comes from Berkshire's Ajit Jain's exact mandate to his underwriting team: "Your job is to say no. Every now and then you will come across a deal that'll hit you with a 2x4 and it'll be screaming money." Abel and Jain are not budging. They are earning a risk-free yield and waiting for structural market dislocation. The capital discipline remains ruthless.

$BRK.A $BRK.B

[quakeranalytics @quakeranalytics]

Sounds like no one in the property market has figured out they could be making a killing by just lowering unnecessary expenses?

Or maybe it's one of the most hyper-efficient markets in the world with constant pull-backs in capacity and new entrants, and the price is the price for a reason?

One or the other

[Insurance Journal @ijournal]

A new analysis suggests Americans are being overcharged by $150 billion annually to insure their homes, autos and businesses — and it proposes federal guardrails so that a public beset by affordability... https://t.co/2YEDK1GdjT

[quakeranalytics @quakeranalytics]

@TyRobben Just out of curiosity, are you more focused on the claims function of Guidewire? Or the UW / policy admin? Or both?

And is this something you just want to use personally? Or hope to deploy commercially / sell it as SaaS?

Either way hats off for the effort...

[quakeranalytics @quakeranalytics]

@ryring

[quakeranalytics @quakeranalytics]

@cantshutupsam The key is to have that conversation with the UW on warm weather Fridays right before the office is leaving for happy hour at the local bar with an outdoor patio

[quakeranalytics @quakeranalytics]

@TheRiskResource The Fac Folks specifically. If they're ever complaining about something, it's usually while they're cutting into a filet mignon somewhere

Sidenote "Fac Folks" would be a sick insurance band name

[quakeranalytics @quakeranalytics]

@lessin Great AND "coachable" founder is the ultimate, especially if starting off with a bad idea. You'd think by definition that the great ones are open to feedback, but not always true of course