Insurance analytics company hires P&C exec for Canadian expansion

EagleEye Analytics has expanded its Canadian business by hiring an insurance industry executive to lead business development here.

Stephen Halfpenny is based in Toronto and has been working in the industry for more than 35 years. He has held executive positions in underwriting, marketing and claims at American Reinsurance Company, Munich Re Canada and the Guarantee Company of North America, according to an EagleEye statement. He has also worked in an underwriting role at Allstate Canada.

“The bar is being raised for Canadian insurers to advance their analytical capabilities. We are delighted to add an executive like Steve to the team, given his deep understanding of the Canadian insurance market,” Roger Burkhardt, the company’s president and CEO said in a statement.

“We’re currently working with sophisticated carriers to use predictive analytics beyond rating and underwriting; they are investing in our machine learning tools to improve decision making around customer retention and agent/broker strategies,” he added. 

South Carolina-based EagleEye has property and casualty clients of varying sizes in Canada, across personal and commercial lines. Its clients write 46% of total private sector auto insurance in Canada, and it works with 40% of Canada’s “top P&C insurers,” it noted in a statement.