Specialist motor insurer now using more data to help brokers write better business
Specialist motor insurer, ERS, today announced the latest stage in the development of its data enrichment capabilities through a new partnership with insurance intelligence provider, Percayso Inform.
The team at Percayso has refined its market leading quote manipulation tool to create an enhanced solution for ERS. This includes building in specific data points to support the ERS strategy of providing accurate quotes in real time across all risks including those that other motor insurers may simply decline rather than analyse and price accordingly.
“As a broker only insurer, it is important that we do all we can to support our partners and ensure they write high quality business year on year. That’s why we’ve made significant investment in developing our data enrichment capabilities over recent years, identifying the best providers to work with,” said Martin Hall, Active Underwriter at ERS. “This approach is making a real difference to our digital distribution strategy and our underwriting result and we will continue to embrace new technology and factors to feed into our data science platform which will help us continue to optimise our portfolio.”
Hall continued: “We’re delighted to integrate Percayso into our data ecosystem as their quote intelligence platform adds a further tool to our arsenal in combating the increasingly concerning issue of quote manipulation. With private car premiums rising last year on average by over 50% at a time when consumers are facing a real cost of living crisis, the motor insurance market is expected to experience another challenging year in 2024. It is vitally important that we maximise the wealth of data available to us to write better business and better support our broker partners.”
ERS is now utilising the Percayso quote manipulation tool across its private car business and aims to roll use of the tool out across other products including van and taxi over the coming months.
“ERS have been a pioneer in the motor market when it comes to understanding the role that having the right data at your fingertips can play when it comes to writing better business,” added David Kelly, Commercial Director at Percayso. “We truly believe in creating true partnerships with our customers and so are delighted that we’ve been able to refine our quote intelligence offering to deliver the unique blend of data points they need to support their pricing strategies. We’re looking forward to building on the relationship further as they extend its use across their business.”
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About Percayso Inform
Percayso’s award-winning insurance intelligence services go beyond traditional data enrichment, providing unique, real-time solutions at all stages of the insurance lifecycle and delivering unrivalled insight into insurance customers, risk and fraud.
Percayso was named Technology Partner of the Year at the 2023 Insurance Times Tech & Innovation Awards and was ranked number three in the 2023 InsurTech 50 compiled by BusinessCloud.
Learn more at percayso-inform.com and LinkedIn.
Media contact: Lesley Bennett at LMR Communications on +44 (0)781 577 8038
About ERS
ERS is a Lloyd’s underwriting business (Syndicate 218) and part of IQUW Group. ERS has been a leading motor insurer for more than 75 years, providing quality personal and commercial motor lines insurance solutions to customers in the United Kingdom, trading both manually and through digital platforms and integrations. ERS offers a diverse range of insurance for private cars, classic cars, vans, motorcycles, prestige vehicles, taxis, minibuses, fleets, agricultural vehicles and high-risk drivers, sports people and celebrities.
