has signed a new partnership with Got You Covered to deliver enhanced data enrichment capabilities for the fast growing niche motor and personal lines insurance broker.
GYC is a specialist in the non-standard motor and household markets, with a particular specialism in support for customers who find it difficult to access or afford insurance. These include drivers considered as high risk such as those with previous drink driving convictions or bans, and those with unoccupied property or homes with unusual construction properties.
Percayso Inform – third on our InsurTech 50 ranking late last year – will provide both its vehicle data to support GYC鈥檚 underwriting decisions and pricing strategies at point of quote across its motor portfolio, and will also be providing household data to help improve the customer journey and deliver more accurate pricing.
鈥淲e鈥檝e invested heavily in developing our technology and data science capabilities to compete effectively and grow our market share,鈥� said Got You Covered managing director Sean Byrne.
鈥淲e recognise the importance of continuing to build these capabilities, in particular enriching our data and predictive modelling to optimise our pricing strategies.
鈥淧ercayso鈥檚 intelligence solutions are simply the best available in the market to help us with our ambitious growth strategy, while their distribution reach and relationships with software houses will reinforce our own partnerships with them.聽
鈥淭hey鈥檙e a professional team with a reputation of working hand in hand with their clients to help them further their businesses. I couldn鈥檛 be happier to have partnered with them.鈥�
In addition, this new partnership will allow GYC to access data predicting consumer behaviour, enabling the business to identify those policyholders more likely to cancel mid-term and better determine terms offered or decline the risk.
鈥淪ean and his team are looking to grow their business on all fronts and we鈥檙e delighted to be able to support them as they seek to optimise pricing across their various books in order to achieve their business goals,鈥� said David Kelly, commercial director at Percayso Inform.聽
鈥淭hey鈥檙e an exciting, dynamic business and we鈥檙e looking forward to supporting them over the coming months.鈥�