InsureTech

ECI Partners Boosts Investment in Avantia

ECI Partners has announced a reinvestment in Avantia, a new investment for its ECI 11 fund delivering a full realisation for ECI 9.   Avantia is a high-growth virtual insurer, with world-class machine learning technology and a data-led […]

Lloyd's/London Market

Lloyd’s of London Now Completing Half of All Transactions Online

Lloyd’s of London is now completing over half of all insurance transactions electronically, as technology allows brokers, underwriters and insurers to assess risk, quote, bind and settle claims online without old fashioned paper-shuffling and delays. […]

Technology

Tech: Avantia Updates HomeProtect Retail Pricing Model

Avantia, the technology-enabled insurer behind HomeProtect, today announces a major update to its retail pricing model: employing Bayesian optimisation as an alternative to traditional A/B testing.  The pioneering new approach uses machine learning to more quickly identify the […]

Opinion

When It Comes to Data, There’s Still Room for Radical Insurer Innovation

Insurers are innovating. But Mark Eastham, CEO at Avantia, the technology-enabled insurer behind HomeProtect, argues that when it comes to risk pricing, only those who simultaneously innovate on multiple fronts will realise the value required […]