Outra nominated for Best Use of AI in underwriting from the Insurance Times
We’ve been recognised again for our great work in AI with our client Azur, a forward thinking, InsureTech organisation. Azur is focused on helping insurers with their digital transformation and their mission is to disrupt the market and ultimately change the way that insurance is sold; making it smarter and more responsive to customer needs.
Azur takes an innovation approach to improving the performance of their data by applying Data Science techniques including Artificial Intelligence to reduce risk, create differentiation, whilst also improving the customer experience. Outra created a Custom Home Insurance Rebuild Cost Model that more accurately calculates the cost to rebuild homes after looking more closely into their client’s profiles.
Azur’s CDO, Lara Korz has recently spoken to us in a Q&A sessions sharing how Data Science and specifically AI is giving Azur a Competitive Advantage.
We also have a Case Study with Azur. if you’re keen to learn more.
Lara Korz, Chief Data Officer, Azur Group
“Outra’s innovation in AI and the integration of more accurate data through APIs to our online quoting has enabled us to reduce our risk question set to just five questions. The application process is therefore simplified and quicker for our clients. Through the application of data science and applying it to standard data sets we have been able to provide a higher level of accuracy and predictability. This means less risk to our business. Our partnership with Outra is of strategic importance to us in delivering digital innovation, and one we plan to continue as we develop our product and service offering.”