How can you provide better prices than anyone else?
In insurance the way they assess the risk you have is by the details you provide + background checks. This data is the input in a risk engine which yields a range of premium for this person. Then they allow you to move decide you X and how much premium you pay. The order of the factors however (or the magnitude in this case) doesn’t affect the result. If you decide to pay less premium your first payment is higher.
We know those risk engines work is pretty interesting and accurate - yet it’s done only on a snapshot of the data. So we though, what if we enrich this data and demonstrate the risk this person poses is so so so low, you can insure them for less. If all that is true we should be able to get a reduction in price. Of course, not every insurer or broker will welcome this. Yet we will work to get better deals and partners who are on the forefront for change and pass down those better deals to you.
It will take time, this is not something that happens in any one day. For you however it shouldn’t take any. All that we need is some details and a picture.