Data enrichment tools will apply to AXA’s home, motor and commercial vehicle business
AXA has entered into a deal with Callcredit to give the insurer access to credit check information.
The data enrichment tools which will be applied to AXA’s home, motor and commercial vehicle portfolios, will collect data from public records such as the electoral roll and county court judgements.
The partnership with Callcredit is the latest development in AXA’s data enrichment programme following the announcement of a similar deal with Lexis Nexis earlier in the year.
AXA commercial lines and personal intermediary operations director Jon Mitchell said: “We are delighted to have signed this deal with Callcredit as it adds even greater strength and accuracy to our existing pricing capabilities.
“The age of demographics-based pricing is coming to an end and AXA will continue to invest in ‘big data’ and our own capabilities to deliver the most accurate underwriting and pricing to brokers and customers as we can.”