Percayso inks partnership with UK aggregator for vehicle pricing

Insurtech Percayso has secured a deal with its first UK aggregator – Seopa – as it looks to further support the industry on vehicle pricing strategies.

The deal will see Percayso roll out real-time data insights at the point of quote across Seopa’s comparison sites Quotezone and Compare Northern Ireland (CompareNI).

The data can be used for both car and van products in both the personal and commercial lines areas.

Data

Percayso already has a vehicle database that combines historic vehicle data with information from motor trade retail sales, the Driver and Vehicle Licensing Agency, the Driving and Vehicle Standards Agency and Ministry of Transport history.

The data supports the quoting process for both the insurance provider and customer.

By partnering with Seopa, David Kelly, commercial director at Percayso, said that his firm “can personalise and structure real-time data offering to provide a granular level of detail”.

“[This allows] clients to track market trends while data fields can be combined to deliver a full picture for any vehicle,” he added.

“This results in accurate, evidence-backed valuations on any private or commercial vehicle or motorbike.”

Greg Wilson, founder and chief executive of Seopa, said that being able to access vehicle valuation data will allow the aggregator to increase the price accuracy of customer quotes and risk analysis for partners.

“We see a real synergy with Percayso,” he said.

“We are constantly searching for innovations that improve our efficiency and set our customer offering ahead of our competitors.”