Indico Data Bolsters Leadership with Key Appointments
Company - People | Apr 01, 2025 | .406 Ventures Management LP
Indico Data, known for its decision automation capabilities fueled by artificial intelligence, has announced significant leadership appointments to reinforce its mission of revolutionizing the insurance industry. The strategic appointments include the addition of industry veteran Phil Edmundson to the board, Madison May's promotion to Chief Technology Officer, and Don Zereski's elevation to Chief Information Security Officer. Phil Edmundson brings extensive experience from the insurance and InsurTech domains, having previously founded Corvus Insurance Holdings and leading William Gallagher Associates before its acquisition by Arthur J. Gallagher. His involvement in Indico Data is expected to provide invaluable insights, particularly in leveraging data for cyber risk management. Meanwhile, Madison May's promotion to CTO highlights his instrumental role in advancing Indico's AI technology, aiming to enhance underwriting, claims, and policy servicing processes. Zereski’s new role as CISO will focus on maintaining the security and resilience of Indico's solutions, which are crucial in handling sensitive insurance data. Indico's CEO, Tom Wilde, expressed confidence that these leadership changes would position the company to set new standards in decision automation, transforming how insurers operate by merging AI driven innovation with industry experience. Indico Data aims to redefine insurance through its first-to-market hybrid AI technology, providing real-time insights and operational efficiency to insurers.
Sectors
- InsurTech
- Artificial Intelligence
Geography
- United States – Indico Data, based in Boston, MA, is a U.S.-based company, and the article discusses leadership changes in the context of the U.S. insurance industry.
Industry
- InsurTech – Indico Data operates within the InsurTech sector, focusing on using technology, particularly AI, to enhance decision automation in the insurance industry.
- Artificial Intelligence – Indico Data's platform uses AI technology to provide decision automation solutions, making this industry classification relevant.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
Indico Data | Company | Target Company | The Decision Automation Company focusing on AI solutions for the insurance industry. |
Phil Edmundson | Board Member | People | Industry veteran with extensive experience in the insurance and InsurTech sectors, previously involved with Corvus Insurance and William Gallagher Associates. |
Madison May | Chief Technology Officer | People | Co-founder of Indico Data, promoted to CTO, contributing significantly to the company's technical innovations. |
Don Zereski | Chief Information Security Officer | People | Formerly SVP of Engineering at Indico Data, now promoted to CISO, responsible for security and resilience of solutions. |
.406 Ventures Management LP | Investor | Company | A private equity firm investing in early-stage companies, including Indico Data. |