Details of latest expansion plans executed by UK insurtech policy expert were released recently.
In leading techie era of professionalism and perfection, profession lines of insurtech announces it’s expansion towards more precise expertise.
Certainly, addition of high skills like technology roles, employee skill development, team work leads and tactics to maintain company’s position. By the ease of advanced technical analytics, recently 1.2 million policyholders were offered with home and motor insurance – built on highly scalable cloud platform – Amazon Web Services , which leveraged customer base in last three years. 90% of customer e-mails are handled through this by one touch resolution.
On the reports analyzed by Customer Intelligence , Policy Expert is the youngest leading firm in Top 6 home insurers of UK which are AVIVA , LV, DirectLine, Admiral, Saga. The holder market share weightage of these makes Policy Expert a game changer in the market voyage.
And through this previous year, the company claimed for six year agreement with accredited insurance (Europe) limited for it’s further expansion. On this Adam Powell, Chief Operating Officer of Policy Expert commented
“The potential to deliver better insurance experiences through smarter use of technology and data has been core to Policy Expert’s vision since day one.
“Since then, we’ve grown rapidly from start-up to scale-up and achieved sustained, efficient and profitable growth by building an insurtech company that customers want to stay with for life. These new tech roles will support our ambitions to make a positive difference to millions more households who want affordable and fairly priced insurance they can rely on in times of need.
He also mentioned in his statement, “We’re proud to have built a tech team that is operating at the cutting edge of automation, artificial intelligence and machine learning to transform what people can expect from insurance, from a pricing strategy that rewards loyalty through to a claims experience which puts customers firmly in control.”
Through this Insurtech shared it’s strategy of expanding use of artificial intelligence and machine learning for molding it’s pricing strategy with application of data science and other such techniques. This will enhance and support cloud based tech infrastructure and personify Policy Expert as vertically integrated business model.