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Hiscox, a leading provider and underwriter of specialist insurance services, wanted a mechanism for performing real-time price comparison and market intelligence against their competitors in the UK market.
Given that most UK insurance companies don't offer an API for gathering price information, the major challenge was how to gather pricing data from competitors regularly, accurately, and quickly.
Colibri Digital developed a cutting-edge Dynamic Data Ingestion web scraper, based on some of the very latest technologies, to dynamically generate and extract price quote information from competing UK insurance websites. Hosted on AWS and leveraging the power of the Amazon cloud, the application was able to regularly gather pricing information and store it in a centralised repository.
Dynamic Data Ingestion was layered with a set of visualisations, making use of the customer's existing Datarama subscription to offer rich visualisations and business intelligence.
Hiscox underwriters are now able to view how competitive they are in the UK insurance market across a range of bespoke and boutique insurance products in near real time. Where previously this process would either have been manual or based on monthly sales volumes, underwriters can now adapt pricing in real time to changes in market and competitor trends and offers.
Reduced to within 6-second lead time
Faster predictions on customers' needs and capturing new opportunities
+ 20 headcount in the data team
Unlock growth, efficiency and innovation through data and AI
Turning raw data into actionable, competitive insight
Modernise with purpose. Transform with data. Scale with AI
Intelligent solutions built for real-world business impact
Empowering cloud-first operations with confidence
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