Why is Price Optimisation Difficult?

2024-07-01T11:11:19+00:00June 27th, 2024|Blog, Uncategorized|

Understanding how to price risk without market visibility is always a challenge.

Underwriters need to consider hundreds of enriched factors when setting rates, not to mention claims, commissions, administration and taxes to name but a few. All to derive a suitable rate to win business while remaining profitable.

Broker pricing is just as precarious with narrowing commissions […]

MLP Scores New Partnership with Oakland Insurance

2024-02-26T11:07:38+00:00February 26th, 2024|Uncategorized|

26th February 2024Oakland Insurance has today announced a strategic partnership with Machine Learning Programs (MLP), to implement predictive AI enrichment model, MLP Score.

MLP Score is the most recent addition to a growing portfolio from MLP, which is part of the Open GI Group. The partnership signifying the next phase in a strengthening […]

MLP announces changes to executive leadership team

2023-09-28T09:05:28+00:00September 27th, 2023|Uncategorized|

19 September 2023 – MLP (Machine Learning Programs), part of the Open GI Group since 2019, has today confirmed changes to the executive leadership team in a move to position the company for the next stage in their growth trajectory.

Chief Executive Officer, Damian Baxter, will continue to lead the company, which offers Machine Learning and […]