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 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. […]
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 […]
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 […]
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