Outra is delighted to be shortlisted for Most Innovative Use of AI.
Our entry highlights the fantastic work completed with Azur who are a forward-thinking Insuretech company developing a platform enabling insurance organisations to work more effectively with brokers and end-user clients. Azur’s mission is to help insurers digitally transform themselves to disrupt the market and ultimately change the way that insurance is sold; making it smarter and more responsive to customer needs.
Working in partnership with Outra, Azur have an innovative and fresh 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 Model that more accurately calculates the Home Rebuild Cost after looking more closely into their client’s profiles.
We recently held a Q&A sessions with Lara Korz, Chief Data Officer at Azur talking about how Data Science is giving Azur a Competitive Advantage.
Continue reading for the full story on our Case Study with Azur.
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.”