Rates have improved within the insurance market however, loss and expense ratios remain high.
Marine technology, climate change and COVID-19 has changed the nature of risk.
Data and digital technology is underutilised, policies are priced based on historic events and the industry is operating on manual processes leading to unnecessary expense, commoditisation and high loss and expense ratios.
Data and digital technology is enabling insurers to respond, and they are reporting significant trading advantages.
There is a unique opportunity to launch a comprehensive digital proposition that takes advantage of these trends.
Quest outperforms traditional risk assessment and underwriting techniques in the specialty and automotive insurance markets.
Enterprise-grade data and analytics insurance platform.
* Based on back-testing of models on historical portfolios
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