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 […]
26th February 2024 – Oakland 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 […]
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 […]
