
Motor insurance pooled pricing in the age of connected data
The way that motor insurance is priced has changed over the last couple of decades. Thanks to data-driven insights, insurers have enhanced their pooled pricing models to encompass risk.
Today, FinTech Global announced the 100 companies that will transform the global insurance industry and Greater Than is proudly among them.
Greater Than’s AI price risk per individual car in real-time and partners with large insurance companies such as Zurich, MS First Capital, and Tryg. This enables a new level of proactive, financial, customer retention and risk avoidance planning. The company’s flagship product, Enerfy, is an AI-based platform with over 480 white-label solutions, including AI pricing, digital insurance, gamification and apps that positively affect driving behavior.
“Being recognized by InsurTech100 is a great honor for us and demonstrates the power of our AI technology and our end-to-end solutions,” says Liselott Johansson, CEO at Greater Than. “To up the digital game and offer more personalized solutions, we offer insurers and car manufacturers a seamless integration to at speed gain digital user-based offerings and new price models out on the market.”
FinTech Global and its panel of industry experts select 100 of the world’s most innovative Insurtech companies that solve major problems in
the industry to make up the InsurTech100. The list aims to help senior management and insurance professionals evaluate which digital insurance models have market potential, are most likely to succeed, and have a lasting impact on the industry.
The full list of the InsurTech100 can be found at www.TheINSURTECH100.com
The way that motor insurance is priced has changed over the last couple of decades. Thanks to data-driven insights, insurers have enhanced their pooled pricing models to encompass risk.
Pattern AI in motor insurance is facilitating the prediction of not only crash probability, but also crash type and associated cost, enabling accurate loss forecasting.
For many telematics service providers, it’s a dream to monetize their data and discover new business opportunities. Now, thanks to artificial intelligence, that dream is becoming a reality.