Soteris

We write ML software to more accurately select & price insurance risk.

Y CombinatorSummer 2019ActiveFintechInsuranceFintechMachine LearningAI

What they do

Problem

Insurance carriers struggle to accurately select and price risk, leading to mispriced policies and avoidable losses.

Solution

Soteris builds an ML-driven data and pricing system that improves insurance risk selection and pricing, starting with personal auto.

Who it's for

Insurance carriers and MGAs underwriting and pricing personal auto insurance.

Founders

Sunit Shah

Founder

Sunit entered the insurance industry in 2005, spending six years building pricing models for life insurance. He later joined the $16B hedge fund Pine River Capital, where he spent 2 years building a $750m P&C insurance company from scratch. He is an author of both Behavioral Finance (Wiley) and the Principal-Agent Problem in Finance (CFA Research). Prior experience also includes the Boston Consulting Group and adjunct faculty positions at UVA. He received his Ph.D. in Economics from UVA in 2011.