Insurance DataLab partners with Flare to unlock deeper market insights

Marketing intelligence business Insurance DataLab is enhancing its data capabilities through a new partnership with AI specialist Flare, delivering deeper insights into underwriting performance, including life insurance and enhanced solvency data.

It says this new partnership will significantly enhance its data capabilities and expand the depth of its underwriting performance analysis.

This partnership enables it to broaden its datasets, adding life insurance underwriting data alongside existing general insurance insights. In addition, the company is deepening its coverage of Solvency II own funds data, providing new visibility into insurers’ tiered capital structures.

This will provide a more comprehensive view of insurers’ financial health and resilience, giving clients deeper, more valuable intelligence.

The integration of Flare’s AI technology will also allow it to automate and accelerate data acquisition, making it possible to analyse and deliver insights at greater speed and scale.

Flare CEO and co-founder Magda Woods said, “We’re excited to partner with Insurance DataLab to enhance their data acquisition capabilities and unlock unique insights for their clients using Flare’s AI technology. This collaboration is just the beginning; we look forward to delivering even more innovation together to support the insurance market.”

Insurance DataLab co-founder Matt Scott added, “We are always looking for ways to push the boundaries of insurance market intelligence, and this partnership with Flare allows us to do exactly that. By leveraging AI, we can extract and process data more efficiently, giving our clients faster access to deeper, more actionable insights.

“With these advancements, we are reaffirming our commitment to delivering best-in-class data and analytics to the insurance sector. This will ensure that companies have the information they need to navigate an increasingly complex market with confidence.”