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History

AnswerMine Group is the third company created since 1993 by Stuart Cornew.
In the late 1990’s, Stuart began applying modeling technology to credit data for purposes of market segmentation and policy risk analysis in the property and casualty insurance business. At that time, it was almost unknown for property and casualty insurers to use credit data for these purposes. Credit data has since became a key element used by most insurers to segment current and future risks.

An early win was the use of our technology to predict consumer behavior for purposes of refining marketing campaigns. In particular, we developed models that greatly improved campaign effectiveness. This was accomplished through improved segmentation, and led to a significantly higher likelihood of response and improved campaign cost effectiveness.

In 2008, Stuart formed AnswerMine Group to meet new business opportunities presented by the mortgage market, finance and healthcare sectors. Stuart immediately recognized the potential benefits our data mining approach would bring to financial institutions and the US government dealing with challenges facing the banking industry today. Mobilizing seasoned banking and mortgage professionals added the necessary critical dimension to AnswerMine's analytic resources. Similalry, changes in the healthcare industry demand clearer understanding of what data could tell companies in this market. AnswerMine has mobilized resources to tranlate its methodologies to repond.