The Madison startup began with a clever weather station and a consumer product nobody could use. Its second act turns ground-level storm data into insurance - and gives customers a reason to act before the hail arrives.
Before an insurer prices a hurricane, spots a suspicious claim, or estimates a ruined kitchen, there is a good chance Verisk is somewhere in the workflow. The 55-year-old data company has become part utility, part software network, and part laboratory for risk.
Archipelago is an AI-powered risk data platform that connects large commercial property owners with their insurance markets, turning messy schedules of values, loss runs and engineering reports into clean, broker-ready submissions. Founded in 2018 by RMS co-founder Hemant Shah, the San Francisco-based company digitizes property risk for portfolios totaling trillions of dollars in insured value.