PriyaPatel
TLDR:
AA Underwriting Ltd is deepening its collaboration with Percayso Inform to enhance its data enrichment capabilities for motor insurance. This extended partnership will provide more granular vehicle data to improve pricing strategies and underwriting accuracy. The firm has been using Percayso’s vehicle intelligence tool, Companion, which has led to faster claim settlements. By integrating comprehensive vehicle-by-vehicle data, AA Underwriting Ltd aims to optimize their underwriting decisions and deliver fair pricing.
Key Elements:
- AA Underwriting Ltd partners with Percayso Inform to enhance motor insurance data capabilities
- Access to more granular vehicle data to improve pricing strategies and underwriting accuracy
- Percayso’s Companion tool has already improved claim settlement efficiency
- Percayso Inform provides a motor intelligence platform combining historical vehicle data
- Integration of Percayso’s granular data expected to optimize underwriting decisions
AA Underwriting Ltd, a prominent motor insurance provider in the UK, is extending its partnership with Percayso Inform, an insurance intelligence provider. This collaboration aims to enhance the firm’s data enrichment capabilities for motor insurance, providing access to more granular vehicle data to support pricing strategies and underwriting accuracy. The decision to strengthen the partnership with Percayso Inform follows a thorough review of data providers in the market, with AA Underwriting Ltd finding that Percayso’s offerings provided the most valuable insights.
The firm has been leveraging Percayso’s vehicle intelligence tool, Companion, within its motor insurance claims processes, resulting in faster and more accurate claim settlements. With the success of this tool, AA Underwriting Ltd has decided to expand its use of Percayso’s services to include comprehensive vehicle-by-vehicle data, which will be integrated into its quote processes. Percayso Inform is a leading insurance intelligence provider in the UK, offering a motor intelligence platform that combines historical vehicle data from various sources.
This extended partnership between AA Underwriting Ltd and Percayso Inform is expected to significantly enhance the firm’s ability to deliver fair pricing and maintain sustainable, profitable business practices. By integrating Percayso’s granular data into its quote processes, AA Underwriting Ltd aims to further optimize its underwriting decisions. Paul Wilyman, Head of Underwriting at AA Underwriting Ltd, highlighted the benefits of Percayso’s tools in improving claim settlements and expressed confidence in the value of their data for enhancing underwriting decisions.
In conclusion, the partnership between AA Underwriting Ltd and Percayso Inform signifies a strategic collaboration to enhance motor insurance data capabilities, ultimately aiming to improve pricing strategies, underwriting accuracy, and overall business efficiency.
