Broker Insights launches AI-enabled Propensity Lens
Broker Insights has unveiled a product designed to improve efficiency for insurers by helping to predict the possibility they will win business.
Propensity Lens is an addition to the Broker Insights Vision Decision Intelligence Platform which uses data from more than one third of the UK commercial insurance market to connect insurers and brokers.
The insurtech detailed it enhances Vision’s recommendation capability by using AI-enabled learning to interrogate its aggregated dataset.
According to the firm, the combination can predict the likelihood of policy movement from one carrier to another, allowing partner insurers who upgrade to
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
Allianz Commercial appoints regional head of multinational as Hegel promoted
Allie Chadwick has been named regional head of multinational in the UK at Allianz Commercial, effective immediately.
Review of the Year 2024: iprism’s Ian Lloyd
Ian Lloyd, CEO of iprism, reflects on integrating the MGA’s first acquisition, the over-use of the term AI and how he might shake the curse of ‘dad dancing’ by appearing on Strictly Come Dancing.
Sompo priortising regional hires and MGAs over expanding broker panel
Sompo International remains “open minded” to further regional expansion, but is happy to build on its existing locations in Birmingham and Manchester for now.
Ageas promotes Beckett to MD of broker and partnerships
Ageas UK has appointed chief distribution officer Adam Beckett to the newly created role of managing director of broker and partnerships.
Ecclesiastical partners with Clear on local councils scheme
Ecclesiastical has teamed up with Clear Councils, part of Clear Group, adding the broker’s local councils insurance to its schemes book in an arrangement that will come in to force at the start of 2025.
Partners& in triple swoop
Partners& has added another two brokers and a managing general agent to its stable, Insurance Age can reveal.
Industry reacts to discount rate change
Insurance industry specialists have welcomed the government moving the personal injury discount rate to 0.5% with PwC calculating it will lower motor premiums by £50 on average.
Personal injury discount rate shift will cut motor premiums, says PWC
The government will move the discount rate applicable to personal injury lump sum compensation payments to 0.5% as of 11 January 2025.