Broker policy administration software provider Ignite Systems and artificial intelligence specialist Nuon AI have teamed up to deliver an AI-driven pricing service. The service delivers real-time pricing insights and adjustments at the point of quote.

Paul Doran, chief customer officer at Nuon, said: “This is not predictive analytics, not simple data enrichment, it's a powerful set of AI tools which will help insurers improve product pricing performance. Insurers are facing challenging times and with new FCA regulations on the horizon, fair pricing is about to be centre stage.”

Toby MacLachlan, managing director of Ignite, said: “Nuon’s technology caught my attention earlier this year. As a business we have a long history of technical product innovation on our platform, and this felt like a great addition. We have always focused on helping insurers deliver the best insurance products and services to the market fast. Nuon brings a very new and exciting addition to our platform.”

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