Thank you very much for your support everyone.. We regret to inform you that Backstop will not be proceeding further with product development. The overarching macro climate is not conducive for capital supply chain optimization; Problem-Value fit does exist! We'll be back soon!

"Genchi Genbutsu" (go & see for yourself) As a bootstrapped venture, we're making our 1st steps into the *unknown* with a PoC; regulations, relationships, records & a lot more! We're excited for the journey ahead. #insurtech #insurance

We've been silent for a while. Building infrastructure comes with a unique set of challenges; messaging, stakeholder management and technical audits. "The market timing is right" is a huge understatement for the amount of BTS effort. We're coming. #insurtech #insurance

"Startup fundraising in a pandemic world" by @semil provides a no-nonsense take on co's with an edge: (a) Those with an API-driven, self-serve or upfront recurring revenue model (b) Counter-cyclicality may be baked into valuations (c) Category tailwinds semilshah.com/2020/03/08/a-q…

"Statistics summarize human experience." For every individual lost to Covid-19, there is a child taken from their parent, a partner taken from their lover, a friend taken from a friendship group.. Please accept our condolences to all those who have lost someone special. #Covid_19

"I get it" - probably the most exciting phrase to hear for an early stage venture. Covid-19 has hampered our customer discovery and business development but we're fortunate to have enterprising folks willing to meet virtually. And, perhaps a pilot client? #insurtech #insurance

🏡 Day #2 - We're working on the Gamma generalized linear model today! 🤔 The Gamma GLM can be used to model the severity of general #insurance claims 😅 We're expanding beyond the exponential model for severity 🙏 Take care everyone! #insurtech #coding

🔩 Today we're working on encrypted Negative Binomial and Geometric GLMs 🤔 These models are (sometimes) used to estimate general #insurance claims frequency 😇 If you've built such models before, we'd love to chat! 🙏 Please take care during Covid-19 #insurtech #coding

🤔Survey regarding MGA x carrier data transfer; how does it occur today? 🧐We're curious to learn how cedants share P/H data with their #insurance underwriting partner(s) 💡Results will be shared with everyone 🤝Please contribute/RT #insurtech community

🛠️ Today's focus is building federated Poisson models 🧐 Poisson is used to model general #insurance (typically motor) claims frequency 🙄 Federated == encrypted data held at edge by different underwriters but global model trained in the cloud 👀 #Insurtech #coding

🛠️ Many congratulations to Greg and team, who have been working hard over the past 2 years on their MVP roll-out. Here's to more #Insurtech ventures within the upstream #insurance industry!