Arturo Taps Setayesh to Lead Engineering in Support of Market Acceleration

Former chief strategy officer Neil Pearson takes on growth strategy board advisor role

CHICAGO--(BUSINESS WIRE)--Arturo, the proptech company that delivers intelligent analytics from individual property to portfolio, announced today that Mehrshad Setayesh has joined the company as its senior vice president of engineering. Setayesh has a proven track record of more than 20 years of expertise in building and leading software start-up teams to scale. He has led global engineering teams to deliver quality products leading to a few successful exits sold to Fortune 500 companies such as Oracle.

“The Arturo team has done an incredible job in building effective solutions that help insurers tackle the complex task of incorporating detailed property risk and damage exposure analysis into their workflows,” Setayesh said. “I’ve come on board during an exciting time for the company. Arturo has grown its business by 100% in the last year and has deeply expanded the data analysis insurers have come to rely on with its solutions. I look forward to continuing Arturo’s efforts to bring new levels of efficiency and accuracy to underwriting and claims management. As Arturo expands beyond underwriting and claims to risk and peril impact, I look forward to helping scale our models, analytics and platform to meet our future customer needs.”

Additionally, Neil Pearson will transition from his position as chief strategy officer to a senior advisory role supporting the CEO and Board after three years of leading strategy, business development and various product efforts. Most notably, Pearson helped shape Arturo’s vision in the development of its extensive imagery-derived analytics which carriers deploy to transform risk and damage analysis in their underwriting and claims workflows. During his tenure, Arturo increased the speed of response of imagery analytics to milliseconds, helping businesses better manage the fallout of natural disasters; Pearson also was instrumental in opening up the Australian market.

“2023 will prove to be an instrumental year — both for the insurance marketplace, against the challenges of inflation, regulation, secondary perils, and meeting and exceeding consumer expectations — and for Arturo, where we are focused on meeting these challenges head-on,” said Greg Oslan, CEO of Arturo. “We are thrilled to have Mehrshad join the team at this consequential time as we focus on scaling the business and building quality products that truly meet and respond to the needs of the highly dynamic insurance marketplace. We are also excited for Neil’s future support and look forward to continuing working with him.”

About Arturo

Arturo combines AI and machine learning models with property images to help businesses decide with intelligence from the property to portfolio level. Across the insurance, lending, securities and real estate markets, Arturo empowers customers with on-demand, accurate property characteristics and predictive analysis to tackle the biggest property challenges with efficiency, accuracy and confidence. Discover more at arturo.ai.