Networked Insights will operate as a stand-alone subsidiary of the American Family Insurance enterprise. The purchase price is not being disclosed. With the acquisition, American Family became its sole owner. We are excited to deploy our deep expertise in broad areas of advanced analytics to enhance American Family’s existing data analytics capabilities.”Īmerican Family is a Networked Insights client and has been a minority investor in the company since 2013, increasing its investment over time. “American Family has done a remarkable job at building a trusted brand. “The insurance company of the future will be all about using data analytics to enhance the customer experience and be a trusted brand,” said Networked Insights Founder and Chief Executive Officer Dan Neely. In addition to its Chicago headquarters, Networked Insights also has operations in New York City and Madison, where American Family is headquartered. “The analytics capabilities we gain with Networked Insights will strengthen our ability to provide proactive protection to customers and to quickly identify and meet customer needs in new ways.”
“These investments are part of our commitment to innovation through the use of data analytics and artificial intelligence for our customers and in ways that complement and improve the personal service we deliver to them,” said Peter Gunder, American Family Insurance chief business development officer. “This acquisition and others strengthen our best-in-class agency distribution by bringing best-in-class digital and data capabilities, providing our customers with both expertise and convenience.”Īmerican Family already is investing in AI and related technology across the organization – including through its Data Science and Analytics Lab, its Strategic Data Analytics Division, Innovation team and collaborative data-science projects with UW-Madison.
“We have significantly invested in our technology platforms and data and analytics in the past three years,” said American Family Chairman and CEO Jack Salzwedel.
#American family business intelligence application software#
(Chicago and Madison, Wisconsin) – With today's purchase of Chicago-based data and analytics software company, Networked Insights, American Family Insurance will accelerate its digital transformation, including its use of data, advanced analytics and artificial intelligence (AI).Īt a time when technology and innovation are transforming the insurance industry, the acquisition allows American Family to build on its current advanced analytics capabilities to improve how it serves and meets the needs of customers.