Software-as-a-service specialist House of Insurtech has launched its new motor insurance proposition for the insurance market. This proposition unlocks incredible flexibility and customer centricity for start-ups, MGAs, brokers, and insurers.
The motor proposition was architected with an advanced data model, ensuring that a client’s quote, bind, and policy lifecycle journeys can be easily tailored to their specific needs.
From hyper-personalised insurance with reduced customer input that leverages extensive data enrichments to more traditional question sets and Polaris software house journeys, everything can be delivered with ease.
The next-gen data model also handles multiple vehicle coverage with ease. Alongside a customer’s everyday car, specialist vehicles such as classic cars and kit cars can be covered on a single insurance policy. With multiple web and mobile front ends, it is perfect for deployment in embedded scenarios as well as on-demand insurance offerings. With data enrichment partnerships with DVLA, DVSA, MIB, Cartell, Experian, Percayso, and Roadhow and with new feeds added constantly, huge value from accessing this vast data enrichment potential is attainable for clients through connection to a single API.
The motor proposition is delivered on our Insurforce platform and is powered by the integrated QUBAPI decision and underwriting engine. This combination unlocks the potential for clients to test and deploy VIN level rating and GBM pricing market models themselves without protracted and expensive IT integration. At the same time, clients gain all the benefits of simplicity, speed, scalability, and resilience that come with being on House of Insurtech’s cloud platform.
Announcing the launch, James Downes, CEO of House of Insurtech, said, ‘We have taken a customer-centric and ground-up approach to our flagship motor proposition. Whether you want to innovate with new customer experience and underwriting propositions, want on-demand and subscription services, or need a full Polaris implementation, our platform puts you in control.’