AA Underwriting Ltd, a prominent motor insurance provider in the UK, is deepening its collaboration with Percayso Inform to enhance its data enrichment capabilities.
This extended partnership will allow AA Underwriting Ltd to access more granular vehicle data, supporting pricing strategies and underwriting accuracy.
The decision to strengthen the partnership with insurance intelligence provider Percayso Inform – third on our InsurTech 50 ranking late last year – follows a thorough review of data providers in the market.
The firm has leveraged Percayso’s vehicle intelligence tool, Companion, within its motor insurance claims processes over the past year, leading to faster and more accurate resolutions. It will now include comprehensive vehicle-by-vehicle data, which will be integrated into its quote processes.
Percayso’s platform combines historical vehicle data with information from various sources, including motor trade retail sales, DVLA, DVSA, and MOT history.
Paul Wilyman, head of underwriting at AA Underwriting Ltd, said: “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.”
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