COLUMBIA, S.C., Dec. 12, 2012 /PRNewswire/ -- EagleEye Analytics, the leading provider of predictive analytics solutions for the property and casualty industry, announced that its board of directors has appointed Wade Bontrager as President and CEO, effective immediately. He has also been named to the company's Board of Directors.
Bontrager joined EagleEye in August as Chief Operating Officer with more than 15 years of experience in predictive analytics and the insurance industry, having served as Senior Vice President of GMAC Insurance Personal Lines. As leader of EagleEye's global client services and delivery operations, he has been instrumental in helping customers use EagleEye's powerful core analytics technology to effectively and rapidly solve business problems and optimize business results.
"Wade's deep understanding of insurance industry processes and business, along with his excellent strategic and operational skills, will be critical to leading EagleEye going forward," said Mary Hennessy, FCAS, Vice Chair of EagleEye's Board of Directors. "The company's culture of innovation paired with Wade's experience as an insurance industry executive is a formidable combination. As CEO, Wade will be able to build on the strength of EagleEye's robust technology platform to drive exciting new opportunities for the firm's customers."
"The analytical power of EagleEye's technology is superior," said Bontrager. "This creates endless possibilities to work with carriers to use predictive analytics to truly transform their businesses – making them more competitive, not only in pricing new risks, but assessing and targeting markets, attracting and managing agents, handling claims and many other areas. Our focus is on continued improvement in packaging the power of EagleEye's technology into specialized insurance applications so that carriers of all sizes can deploy advanced analytics in new ways."
About EagleEye Analytics
EagleEye Analytics provides transformative business solutions to the insurance industry through the application of breakthrough predictive analytics technology. The company's machine learning technology has been customized for the unique requirements of the insurance industry and has been proven to give the best predictive results in over 160 implementations. The firm's customers improve profitability and growth through enhanced real-time decision-making across their entire business; including pricing, underwriting, distribution and marketing. A privately held company, EagleEye Analytics is backed by FirstMark Capital in New York. For more information, visit EagleEye Analytics' web site at www.eeanalytics.com.
SOURCE EagleEye Analytics