Use Case
Advanced Car Insurance Pricing
Fusionbase gives car insurers a rich tapestry of data sources, including geospatial points of interest, regional socio-demographic statistics, car registration details, geolocated accident records and more to build competitive pricing models. This comprehensive approach enables insurers to offer premiums that accurately reflect the risk and socio-economic environment of each policyholder.
Fusionbase Data Hub
External Data for Car Insurance Pricing
A multifaceted approach to data integration allows for nuanced insurance premium setting. With Fusionbase, insurers can analyze thousands of datapoints through one API to identify new tariff features or improve the accuracy of existing ones. Here are a few examples:
- Traffic Accident Locations
Geocoded locations of traffic accidents in Germany with times of day, road users involved, severity of the accident and more.
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Use regional statistics on car thefts to develop granular theft zones or to check the plausibility of your own data.
Log in to access- Automotive Recalls
Enrich your models with current vehicle recalls in order to react quickly to new developments in the market.
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Your Benefits
- Precision in Risk Evaluation
Tailor insurance premiums more closely to the actual risk by integrating diverse data sources.
- Dynamic Pricing Capability
Update pricing models in real-time as new data becomes available, ensuring rates are always aligned with current risk levels.
- Increased Policyholder Trust
Offer transparent pricing that policyholders can understand and trust, improving satisfaction and loyalty.
Without Fusionbase
With Fusionbase
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