Chimnie Property Data
/ Specialist Insurer Uses Chimnie API for High-Net-Worth Property Cover
/ Specialist Insurer Uses Chimnie API for High-Net-Worth Property Cover
Details:
- Company: Chimnie Property Data
- Client: Anonymous
- Year: 2024
- Region: UK-wide
- Product: Chimnie Realtime API
Service areas:
- Artificial intelligence (AI) and software solutions
- Plan-making, planning application and data management systems
- Digital twins
Introduction
A boutique insurer specialising in high-net-worth clients sought an efficient way to access property data for underwriting bespoke policies. In January 2024, they selected Chimnie’s API to streamline the quoting process for complex, high-value properties. This integration enables faster risk assessments and personalised policy recommendations.
Challenges
High-net-worth clients often own unique or custom-built properties that require specialist insurance coverage. Traditional data sources often lack the level of detail needed to assess these properties accurately, leading to slow, manual underwriting processes. The insurer needed an API solution that could deliver instant access to rich property data, improving both efficiency and precision in risk evaluation.
Solutions
Chimnie’s API was integrated into the insurer’s underwriting process in January 2024, providing instant access to property attributes such as construction type, rebuild value estimates, and historical modifications. This automation eliminates the need for manual data collection, allowing the insurer to tailor quotes more effectively and deliver a seamless experience for high-net-worth clients.
Results
Since deployment, the insurer has significantly reduced the time required to generate quotes. While long-term impact metrics are still being assessed, early indicators suggest improved underwriting speed and accuracy. The API’s ability to deliver reliable, detailed data in real-time has reinforced Chimnie’s role as a key enabler for insurers dealing with complex property profiles. Future developments will focus on expanding the API’s functionality to further enhance policy customisation.
