DUBLIN - June 4, 2020 - Piprate, the leading data exchange platform for the insurance industry, announced it has joined Digital Twin Consortium™ as a Groundbreaker.

Piprate is an Irish insurtech startup that aims to solve the insurance industry's fundamental data acquisition and data sharing problems. The company has developed a platform that constructs digital twins of insurance risks to enable digital interactions, advanced insights and analytics. As a member of the consortium, Piprate will further explore the value of digital twin technology for the insurance industry.

Stan Nazarenko, Piprate founder and CEO, said, "Piprate recognises the high potential of the digital twin technology in insurance and risk management applications. We are thrilled to join the leading innovators and thought leaders to accelerate the adoption of this emerging technology and collaborate on developing the requirements for digital twin standards."

"We're delighted that Piprate has decided to join Digital Twin Consortium," said Dr. Richard Soley, Executive Director, Digital Twin Consortium. "Our members will learn a lot from their expertise with distributed ledger technologies and digital twins for the insurance industry."

About Piprate

Piprate is the leading-edge data exchange platform for the insurance industry, enabling the secure transfer of data between parties. Through the use of distributed ledger technologies and building digital twins of insurance risks, Piprate aims to solve the insurance industry's fundamental data sharing problems. Learn more at Piprate.com.

About Digital Twin Consortium

Digital Twin Consortium is The Authority in Digital Twin. It coalesces industry, government and academia to drive consistency in vocabulary, architecture, security and interoperability of digital twin technology. It advances the use of digital twin technology in many industries from aerospace to natural resources. Digital Twin Consortium is a program of Object Management Group.

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