Our unique No Questions Asked (NQA) Home Insurance Loss Model allows you to price home insurance based on just the address of the property.
Receive expected loss costs for 12 home insurance perils, such as fire, theft, escape of water and accidental damage for contents and buildings insurance in milliseconds.
No need to ask lots of questions about the property and its occupants. Simply produce a quotation for a prospective customer with just the address of the property.
• Unparalleled, up-to-date, property-level data
• EGL model created from Property Attributes and enriched by your Claims Data
• Delivered by API to your pricing engine
• EGLs for 12 perils for buildings and contents
• Underwriting flag
• Confidence score
• Probability of renewal
• Other useful data items (dynamic flood alerts, Flood Re Premium, data for reinsurance bordereau)
Quote on just the customer address
Simplified and consolidated access to external data sources
Based-on unparalleled, up-to-date, property-level and occupancy data
Opportunity to sell direct-to-consumers (D2C) to differentiate and build stronger customer relationships
Cross-selling opportunities (e.g. motor) provide an instant quote from already knowing the customer’s address details
Removes the burden of complex modelling, costly data sourcing and ingestion from inhouse operations
Bespoke model created when claims data is supplied
No set-up costs, no charge to build models, only pay when you sell a policy
Experian's Gerardo Montoya - MD of Auto and Insurance, Richard Barnes - Product Director and Adam Roberts - Sales Manager, talk about how the new short question set will change the future of the insurance market.