AA Underwriting Ltd, a prominent motor insurance provider in the UK, is deepening its collaboration with Percayso Inform, an insurance intelligence provider, to enhance its data enrichment capabilities.
This extended partnership will allow AA Underwriting Ltd to access more granular vehicle data, supporting the company’s ongoing efforts to improve its pricing strategies and underwriting accuracy, according to InsurTech Insights.
The decision to strengthen the partnership with Percayso Inform follows a thorough review of data providers in the market.
AA Underwriting Ltd conducted extensive testing to evaluate the performance of various data solutions, ultimately finding that Percayso’s offerings provided the most valuable insights.
The firm has already been leveraging Percayso’s vehicle intelligence tool, Companion, within its motor insurance claims processes over the past year. The tool has significantly improved the efficiency of claim settlements by providing detailed vehicle information, leading to faster and more accurate resolutions.
With this success, AA Underwriting Ltd 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 is the largest of its kind in the country.
The platform combines historical vehicle data with information from various sources, including motor trade retail sales, DVLA, DVSA, and MOT history. This extensive database provides a holistic view of any vehicle, which is instrumental in developing efficient pricing strategies for motor insurers.
The collaboration between AA Underwriting Ltd and Percayso Inform is poised to significantly enhance AA’s ability to deliver fair pricing and maintain sustainable, profitable business practices.
The integration of Percayso’s granular data into AA Underwriting’s quote processes is expected to further optimise their underwriting decisions.
Paul Wilyman, Head of Underwriting at AA Underwriting Ltd, commented, “Our claims team has seen a number of benefits from using Percayso’s Companion vehicle intelligence tool over the past year. It has provided them with the information needed to settle claims faster and more accurately, delivering a better experience for our customers.
“This experience encouraged us to explore how we could further enhance our data capabilities at the point of quote to better inform our underwriting decisions, ensuring sustainable, profitable business and fair pricing for our customers. Having reviewed the various options in the market, Percayso’s data was analytically proved to be the most valuable. We were impressed with its wealth of data and the ease with which we could integrate it into our quote process.”
Kieran Fisher, Account Director at Percayso, said, “We’re committed to delivering the intelligence that motor insurance providers need to help underwrite policies competitively and ultimately write better business. We’re delighted to be able to extend our working relationship with AA Underwriting Ltd and look forward to supporting Paul and his team over the coming months.”
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