Insurtech Ticker increases capacity with Abacai partnership

Motor insurtech Ticker has partnered with Abacai Group to increase its capacity and introduce new pricing, making connected insurance more widely available

Motor insurtech Ticker has collaborated with insurance distributor and underwriter Abacai Group to increase its capacity and introduce new levels of pricing sophistication, making connected insurance available to a wider market.

Following the completion its Series A funding round earlier this year which was led by Eos Venture Partners, Ticker is increasing its capacity to support the launch of new offerings, with products for low mileage drivers, convicted drivers, and electric vehicles.

A better understanding of risk for customers and insurance partners 

Richard King, founder, and CEO of Ticker, said: “It’s just over two years since Ticker launched and, as well as making insurance more affordable and rewarding safe driving, we’re also using the connected vehicle data to provide a far better understanding of risk for both our customers and our insurance partners. 

“This new partnership will not only allow us to grow market share but also accelerate the development of new data sources, machine learning, and artificial intelligence. Our next chapter will be fueled by our capital strength, continuous innovation, and an absolute commitment to delivering customer value,” he added.

King believes that Ticker and Abacai share a similar vision, which is the right combination of connected technology and underwriting discipline will create the ultimate winners in the UK motor market. “Our partnership will focus on building products that are clear, fair, and transparent using the latest technology as an enabler for, simply, better insurance,” he said. 

 

 

Share

Featured Articles

Insurtech unicorn bolttech takes on extra $50m in funding

Insurtech unicorn bolttech has taken on an extra US$50m in funding from Leapfrog Investments as part of the insurtech's Series B extension

Allianz wants to 'lead by example' with new net-zero targets

Allianz has said it wants to "lead by example" after announcing ambitious new targets to make its investment and underwriting portfolios net zero

Insurtech pricing solution Akur8 seals $25m in fresh funding

Akur8, whose insurtech solution is used by actuaries to build pricing models across all insurance lines, has received backing from Guidewire and FinTLV

Beazley launches tornado parametric insurance using NWS data

Insurtech

Alex Dalyac: Founding AI-based insurtech Tractable

Technology & AI

Saudi Arabia: 'solid' framework to guide insurtech sector

Insurtech