Insurance clients Intelligent AI and Konsileo have adopted Doorda’s UK data sets to achieve enhanced client profiling.
Konsileo is a commercial insurance broker, providing negotiation services for small to medium enterprises. Intelligent AI is a data company that indicates risks across commercial property portfolios for property owners and the insurance sector.
The two companies will use Doorda data to feed the construct of the most detailed client profiles, including asset and legal entity information.
This will enable Konsileo and Intelligent AI’s brokers to select the most appropriate insurance while preparing for queries and countering negative objections from underwriters, according to Doorda.
Intelligent AI will also use Doorda to collect harmonised and structured data to provide better service to insurer clients.
Whether you are a broker, an underwriting platform, or a tier one insurance policy provider, changing risk profiles, controlling levels of risk exposure and analysing huge volumes of insurance data are a constant challenge, says Doorda.
Doorda cites figures that indicate insurers have been using less than 10 per cent of available data when making underwriting decisions.
Underlying all ecosystem business is the need to fully understand client profiles to sell or negotiate insurance or measure a complete risk picture, Doorda adds.
Commenting on the initiative, Meric Stanley, lead developer at Konsileo, comments: "Finding trustworthy data, reliably available when needed, is a huge priority. Our insurance discussions are based on detailed information about specific circumstances, rather than generic scores and Doorda excels in providing the detailed, raw data that is so key to our business.”
Anthony Peake, CEO of Intelligent AI, says: “Doorda is very good at data on the internal compartmentation and has also helped us to better understand the makeup of multi-occupancy buildings.”
