The objective

Test a new core rate drop for a client prior to the rates going live to test those new rates against the market and minimise over-/under-indexing. ​

Worked directly with pricing team. ​

The approach

Take new rates from client and add them to our existing risk basket as if it was a new brand joining the market. Provision of analysis to identify/flag any significant under- or over-indexing against: ​

(a) the clients’ current rates and, ​
(b) the market.

The impact

Client implemented a number of tweaks to their pricing before putting the rates live. 

The value

The client has since confirmed that this drove significant value and has now made this form of price testing using our data as a mandatory Quality Control step in all future core rate changes. 

Get in touch