Integra partners with Addresscloud to power digital strategy2 Minute Read
Leading UK home insurance provider, Integra Insurance Solutions (Integra) has selected geo-coding and property intelligence experts, Addresscloud in a multi-year deal to provide address-level risk assessment and exposure management services.
Addresscloud will provide Integra with highly accurate roof-top address level matching alongside access to their market-leading individual property characteristics and exposure and accumulation management tools. In addition, a range of critical perils including flood, subsidence and crime will now be underwritten at address level.
The 30+ property characteristics include property footprint, heating source and rebuild cost which will allow Integra to offer even more accurate premiums for every individual property. This ensures Integra’s customers will pay a more accurate price for their home insurance and in addition further improve Integra’s underwriting performance.
The integration between Addresscloud and Integra is deployed seamlessly via APIs and the Integra Insurer Hosted Pricing hub and is a further piece of innovation that builds on the digital evolution of Integra into a leading data and technology-led MGA.
Mark Varley, founder and CEO of Addresscloud commented:
“Effective and profitable underwriting relies on highly accurate, up-to-date property information; our solution places this information and a wide range of perils data directly into the hands of our customers, helping them to better understand, assess and manage their portfolios.
We’re pleased to support Integra as they harness technology to power growth, and look forward to working with them to support their development of better customer insights and a robust pricing model.”
Martin Cox, Chief Executive Officer of Integra added;
“Integra is fully committed to the digital evolution of our industry and as an agile MGA, we seek to gain competitive advantage through speed to market with new ideas and innovations. The Addresscloud solutions allow Integra to move to the forefront of address-level underwriting in our marketplace and build a high-quality portfolio based upon accurate risk information and not penalise our customers for generalisations made in the area in which their home is situated. Addresscloud’s API approach for delivering data to our IHP means we will automatically receive the latest data updates and we can adjust our pricing instantaneously, so our customers can immediately benefit from more accurate pricing.”
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