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 […]
We’re delighted to announce that we’ve been named a Finalist in the National Insurance Awards in two awards categories; InsurTech Award (Motor Specialism) and Innovative Product Award (Personal Lines).
Celebrating excellence in this dynamic industry, the National Insurance Awards highlight the very best in general insurance provision and management. Featuring 32 categories for companies and teams […]
Ethics is not a new phenomenon to the human race. Philsophers have struggled for centuries to try and form a framework where “good” and “bad” are defined ideas, fixed and abstracted from the personal opinions of the reader and the mores of the society. […]
Machine Learning Programs’ CEO, Tom Murphy, discusses the benefits of machine learning and how it is revolutionising the insurance industry with actionable insights to help its customers work smarter.
