PrintPrintRoger Burkhardt has been named president and CEO of EagleEye, the company announced today. Burkhardt previously worked for IBM’s Wall Street business and the New York Stock Exchange. The Columbia-based company is a provider of predictive analytics solutions to the insurance industry.
Staff Report
Published Dec. 15, 2011
EagleEye Analytics Inc., a provider of predictive analytics solutions to the insurance industry, announced today that Roger Burkhardt has been appointed president and CEO.
The Columbia-based company secured exclusive strategic alliance agreements with Milliman Inc. and Guy Carpenter & Co. LLC this year. Milliman Inc. is a provider of actuarial and related products and services to insurance markets worldwide, and Guy Carpenter & Co. is a global risk and reinsurance specialist.
EagleEye's Talon Analysis Engine, combined with the company’s consulting services, provide customers with insight into their business. Customers are integrating EagleEye analytics into real-time scoring models to drive their operations and manage their portfolios, the company said.
Now that it has established itself in the market, EagleEye said, it is launching into the next phase of growth and bringing in Burkhardt to lead its effort.
Burkhardt's background includes IBM, where he was responsible for its Wall Street business, and the New York Stock Exchange, where as CTO and EVP he led the 2,000-person division in NYSE's move to electronic trading and advanced analytics. Most recently, as CEO of Ingres Corp., Burkhardt helped drive the business to profitability and maximized its analytic database technology, EagleEye said.
Burkhardt emphasized the importance of quality to analytic models.
"The global financial crisis highlighted unrealistic assumptions in most risk models, such as the incidence of 'fat tails' in probability distributions. Insurance has its own specific probability distributions which generic products don't handle. EagleEye Analytics is unique in that its Talon technology has been developed specifically for insurance data and so delivers demonstrably superior results," he said.
A privately-held company, EagleEye Analytics is backed by FirstMark Capital in New York.
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