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Quest , questmotor, Motor, Insurance

Quest Motor helps Acorn Insurance grow their business through increased visibility of their risk exposure

Read the full case study here.

The challenge

Acorn Insurance is a specialist motor insurance provider who focuses on risks that often fall outside of the status quo. Operating in an increasingly competitive market where margins are continuously squeezed Acorn were looking for a way to enhance their current premium pricing techniques to deliver fair pricing for traditionally high-risk clients.

rentE, an on-demand car hire service, traditionally categorised as high-risk by insurers, found that they were struggling to grow their business due to significantly high insurance premiums. With rentE’s pay as you go, innovative business model, it was apparent that more accurate risk insights were needed to obtain a fair premium.

The solution

Concirrus’ saw an opportunity for rentE and Acorn to work together by creating a short pilot using Quest Motor technology. Both dash cam and telematics data were captured and analysed by Quest Motor. The analysis provided comprehensive insights into rentE clients driving behaviour which enabled Acorn Insurance to price a premium that was fair, competitive and reflected the true level of risk within the fleet.

Click here to find out how Quest Motor technology delivered increased visibility into risk exposure resulting in an opportunity to win new business in a new market.

For more information and to request a demonstration, please visit concirrus.com/quest-motor or call  +44 (0) 845 565 0549

By: The Concirrus Team

Powering the future of insurance. 

4th Dec, 2018