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“Profitability in the motor market has been difficult for all insurers, especially in the last year and IHP is one element of a wider Somerset Bridge programme to create the right base for profitable business growth in the future. IHP Plus allows us to closely monitor our motor products and react quickly to meet the needs of a changing market. We can also enhance our data and detect fraudulent activity, through integration with strategic value-added data enrichment partners.”
Dom Horner, Head of Insurer Product Delivery, Somerset Bridge Limited
“Providing agile, compelling, and competitive solutions is central to Pen’s service proposition. Open GI’s flexible platform with its ability to offer real-time pricing adjustments, third party data enrichment, product performance monitoring and insights into customer buying behaviour will be central to that, as will its ability to integrate with other partners and software houses.”
Jamie Lawson, Head of eTrade & Open Market Distribution (SME & Personal Lines), Pen Underwriting