Polaris to launch new market-sponsored personal lines pricing hub
Polaris is working with several insurers to create a new market-sponsored, real-time rating hub for personal lines.
The company confirmed that a feasibility study and work to identify potential suppliers has been completed and said the concept is “now with insurers to decide the next steps”.
The project is being referred to as iParc and Insurance Age understands that the new pricing hub will initially be aimed at the motor market.
The company stated that the hub would allow brokers to connect with insurers through their system providers.
Polaris added: “The hub would provide real-time prices from each of the
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