WTW and Thatcham Research have recently announced a new partnership that will be uniting their market-leading data and analytical capabilities in order to adapt to new vehicle technology.
Indeed, vehicle technology is undergoing a challenging transformation with new autonomous and advanced systems and features. This adds complexity for insurers who have to get a more sophisticated picture of claims data in accordance with the many features of the new vehicle models.
Thatcham Research owns data for over 50.000 vehicle variants and thus, can provide data granularity on the growing variety of standard and optional features in UK vehicles. On the other hand, WTW offers a deep analysis of claims activity in the personal lines insurance market.
By combining both data and analytics, insurances will be able to benefit from deeper insights into emerging trends in claims and make more informed decisions.