Jan 31, 2024
Onesurance announces partnership with Insurance Data
Insurance Data and Onesurance are proud to announce a strategic partnership, with both companies combining their unique strengths to radically transform the use of data in the insurance market. This marks a new phase of progress in the industry.
As a leading expert in rationalizing, integrating and visualizing insurance data, Insurance Data has built an impressive track record in advanced Business Intelligence. To complement this, Onesurance 's team of experienced AI engineers has developed a cutting-edge AI Engine. This is modular, designed specifically for insurers, broker and intermediaries and delivers, among other things, advanced churn predictions or highly accurate AI underwriting for business risks.
Jack Vos: "This collaboration increases our impact in the market, as we serve the same select customer group."
Lex De Bruijn "This alliance not only provides more visibility, but also allows us to directly add value for our customers."
The urgency to deploy data and AI on key themes such as active customer management, efficient work processes, scalable growth and compliance is being driven by consolidation with ever-expanding portfolio on the one hand and increasing scarcity of qualified staff on the other. Because more than 12 months of intensive construction on the AI Engine by the data experts of both companies have already taken place behind the scenes, a lightning-fast time-to-value for the customer can now be achieved.
After all, in the insurance world, timing is crucial. The AI Engine solves this problem while maintaining accuracy and customer focus, always keeping one step ahead of the competition.
One example is the generic M&A module, which uses algorithms to predict the valuation of portfolios. Detailed information on this is shared within two weeks.
To quickly meet the growing market demand, Frank Rensen (RGA) has been appointed as an experienced insurance expert. He is well known in the market. Both companies retain full legal and business autonomy alongside this cooperation for the time being.
