Challenges
The insurer sought a reliable property data partner to enhance its underwriting and pricing strategies. With a vast policyholder base, they required a solution that could scale efficiently while maintaining high data quality. To ensure they selected the best provider, they ran a competitive proof of concept (PoC) against large historical books of insurance policies and claims. The evaluation criteria included data coverage, accuracy, integration ease, and overall cost-effectiveness. While they considered traditional suppliers, these often came with rigid roadmaps, outdated technology, and a premium price tag – creating a need for a more agile, cost-efficient alternative.