Understanding how to price risk without market visibility is always a challenge.
Underwriters need to consider hundreds of enriched factors when setting rates, not to mention claims, commissions, administration and taxes to name but a few. All to derive a suitable rate to win business while remaining profitable.
Broker pricing is just as precarious with narrowing commissions […]
26th February 2024 – Oakland Insurance has today announced a strategic partnership with Machine Learning Programs (MLP), to implement predictive AI enrichment model, MLP Score.
MLP Score is the most recent addition to a growing portfolio from MLP, which is part of the Open GI Group. The partnership signifying the next phase in a strengthening […]
We’re delighted to announce that we’ve been named a Finalist in the National Insurance Awards in two awards categories; InsurTech Award (Motor Specialism) and Innovative Product Award (Personal Lines).
Celebrating excellence in this dynamic industry, the National Insurance Awards highlight the very best in general insurance provision and management. Featuring 32 categories for companies and teams […]
19 September 2023 – MLP (Machine Learning Programs), part of the Open GI Group since 2019, has today confirmed changes to the executive leadership team in a move to position the company for the next stage in their growth trajectory.
Chief Executive Officer, Damian Baxter, will continue to lead the company, which offers Machine Learning and […]
In the ever-evolving landscape of artificial intelligence, there’s a term you’re likely to encounter more frequently – ‘explainability.’ If you haven’t crossed paths with it yet, don’t worry; you’re about to embark on a journey to unravel its significance. Today, we embark on a quest to unravel the essence of AI explainability – what […]
