If you knew when your prices were hot, you could add a small pricing adjustment and still win the business.
Turn cold prices hot, to get new sales and more renewals.
Getting back near the to the top puts you in a strong position for winning when the brand-stackers are around.
Invite renewal in the knowledge that your price will fight losses from the PCW 'loyalty-costs' email.
that the largest Insurer providers operate price prediction models, investing £m's for their exclusive competitive advantage? They rely on data from the PCW's and their expensive data scientists to generate their models and they understand how post GIPP pricing changes have shifted competitiveness which puts them at a competitive advantage.....
Our software imports the risk data that your IT team provides and builds the knowledge base that predicts competitiveness
All data is anonymized and all personal data is removed. There is no PII data. There are no GDPR issues.
Data is encrypted, then the model is built exclusively for your use, using only your data. Nothing is shared with anyone else at any stage.
There is no information sharing. There is no conversation with competitor(s) about price ahead of the sale.
There is no collusion.
The predictions are based on individual risk profiles, regardless of whether it's at renewal or new business. Whilst predictions could change over time along with market conditions, they will not change in connection with the policy's life cycle.