Hemant Shah is experiencing those old feelings again: exhilaration combined with occasional doses of being overwhelmed.Executive SummaryHemant Shah, the co-founder of RMS, talks to Carrier Management Editor Mark Hollmer about the road to starting a new InsurTech, Archipelago, and the unique challenges and fortunate market timing that surrounds the launch of an early-stage company at the time of a pandemic.
Shah, co-founder and former CEO of catastrophe modeling firm RMS, is in the throes of building a new company named Archipelago, a startup centered around building a risk data platform that uses artificial intelligence to digitize risk for large owners of commercial property.
The veteran entrepreneur and his co-founders began Archipelago’s building process in summer 2018, and the InsurTech startup recently came out of stealth mode after two years of intense development.