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 Achieves Finalist Status at the National Insurance Awards 2023

2023-12-14T13:42:31+00:00December 14th, 2023|News, Press Release|

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 […]

MLP welcomes new Data Scientist Experts

2023-07-19T09:56:55+00:00January 11th, 2023|News|

Cristina Sanchez Gras and Jonathan Harris have been appointed as Machine Learning Programs’ latest Data Scientists.

Machine Learning Programs (MLP) has welcomed two new Data Scientists to its offices in Amsterdam. The appointments come as part of MLP’s strategic pledge to support more businesses through the power of data science.

Joining MLP is Cristina Sanchez Gras. Cristina […]

The Art of the Possible – Tom Murphy

2023-03-31T15:53:03+00:00December 14th, 2022|Blog|

The art of the possible…

As automation ramps up and aggregators grow, consumers are looking for quick insurance covers. Automated risk selection is required, but traditional computer programming is not up to the task.

For years the insurance industry has tried to describe what a good risk looks like. We make our best attempt at it and […]

Adrian Flux Insurance Services new three-year deal with MLP

2023-03-31T15:52:34+00:00December 5th, 2022|Press Release|

More than £1 million cost saving on claims at Adrian Flux key to new three-year deal with Machine Learning Programs (MLP)

December 2022 – Adrian Flux Insurance Services, the UK’s largest motor insurance broker, has signed a new three-year deal with Machine Learning Programs (MLP).

The partnership sees the […]

AI in action

2023-03-31T15:52:09+00:00August 30th, 2022|Blog|

AI in action: MLPrograms analyses risks for the insurance industry

Developments in AI are moving fast and the potential is huge. But how exactly is AI applied in practice? Start-up MLPrograms uses modern Machine Learning methods to estimate the risks of insurance more efficiently and accurately.

The assessment of risks by insurers is not new. For […]