challenge
Autonet, one of the UK's largest van insurance brokers, aimed to gain control over their customer acquisitions and offer even more competitive prices. They wanted a solution that combined data enrichment and Real Time Pricing (RTP) to enable them to compete effectively on aggregator sites. With significant growth ambitions, Autonet also required a resilient, scalable platform that would enable them to expand their portfolio of small and medium enterprise (SME) lines and to become the broker of choice for SME businesses.
challenge
Autonet, one of the UK's largest van insurance brokers, aimed to gain control over their customer acquisitions and offer even more competitive prices. They wanted a solution that combined data enrichment and Real Time Pricing (RTP) to enable them to compete effectively on aggregator sites. With significant growth ambitions, Autonet also required a resilient, scalable platform that would enable them to expand their portfolio of small and medium enterprise (SME) lines and to become the broker of choice for SME businesses.
key issues
- Best of breed online and aggregator solutions
- Resilient platform
- Control over online pricing in real-time
- Data enrichment services
- Expansion of SME lines
key issues
- Best of breed online and aggregator solutions
- Resilient platform
- Control over online pricing in real-time
- Data enrichment services
- Expansion of SME lines
the solution
CDL's Strata solution enabled Autonet to offer real-time pricing and broker data enrichment, including Experian Delphi for Insurance (DFI), to all major channels, including contact centre, web and aggregator business. The enrichment service allowed Autonet to analyse public credit data in real-time, alongside fully integrated data enrichment from other sources, in order to assess a customer's propensity to claim or default on payment. By combining this with RTP, Autonet was able to improve the quality of new business.
the solution
CDL's Strata solution enabled Autonet to offer real-time pricing and broker data enrichment, including Experian Delphi for Insurance (DFI), to all major channels, including contact centre, web and aggregator business. The enrichment service allowed Autonet to analyse public credit data in real-time, alongside fully integrated data enrichment from other sources, in order to assess a customer's propensity to claim or default on payment. By combining this with RTP, Autonet was able to improve the quality of new business.
the benefits
- Powerful, scalable digital trading platform
- Full integration of online and back office systems
- Enrichment services applied across all goods vehicle and SME lines
- Real Time Pricing enabled Autonet to compete effectively on aggregator sites, adjusting pricing in real-time according to risk score
- Improved quality of new business acquired
the benefits
- Powerful, scalable digital trading platform
- Full integration of online and back office systems
- Enrichment services applied across all goods vehicle and SME lines
- Real Time Pricing enabled Autonet to compete effectively on aggregator sites, adjusting pricing in real-time according to risk score
- Improved quality of new business acquired
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