AA Underwriting Ltd has enhanced its data enrichment capabilities across its private motor insurance business by extending its existing relationship with Percayso Inform.
Having deployed Percayso’s vehicle intelligence claims tool, Companion, across its motor insurance claims process over the last year, the leading motor insurer has extended its relationship with Percayso to access its granular vehicle-by-vehicle data to better inform and enhance its pricing strategy and underwriting decisions.
This decision follows a wide-ranging review of current data providers in the market, including extensive testing of data to compare how each performed for AA Underwriting Ltd.
“Our claims team have seen a number of benefits from their experience of using Percayso’s Companion vehicle intelligence tool over the past year. It has given them the information they need to settle claims faster and with more accuracy, which delivers a better experience for our customers,” explains Paul Wilyman, Head of Underwriting at AA Underwriting Ltd.
“This experience encouraged us to explore how we could further enhance our data capabilities at point of quote to better inform our underwriting decisions in order to continue to deliver sustainable, profitable business and fair pricing to 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 into our quote process.”
Accessing the largest vehicle data history database in the UK, Percayso’s vehicle intelligence platform combines historic vehicle data with information from motor trade retail sales, DVLA, DVSA and MOT history to provide a complete picture of any one vehicle and support pricing strategies.
“We’re committed to delivering the intelligence that motor insurance providers need to help underwrite policies competitively and ultimately write better business,” adds Kieran Fisher, Account Director – Percayso Vehicle Intelligence. “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.”
