Insurance provider Tempcover has signed a license agreement with WTW to use its pricing platform Radar Live to enhance its fully digital short-term vehicle insurance proposition. WTW said Radar Live will improve Tempcover’s ability to generate commercial insights from data sources, give it access to advanced analytical methods and provide the ability to deploy sophisticated algorithms to market.
Alan Inskip, CEO at Tempcover, said: “Temporary car insurance and usage-based insurance are increasing within the market, and this enhancement in pricing, combined with our existing capabilities, ensures we are well placed to service our customers in this market.”
Tim Rourke, UK head of property and casualty pricing, product, claims and underwriting at WTW, added: “We are delighted that Tempcover has chosen to partner with WTW in defining the digital evolution of the UK automotive retail market.”
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