Insurance provider, Hastings Direct, has announced it has extended its relationship with Equifax, the consumer and business insights expert, in a multi-year deal. Equifax provides fully integrated data solutions to inform and support the speed and accuracy of Hasting Direct’s pricing decisions.
The partnership between Equifax and Hastings Direct harnesses consumer data, ID verification and claims data, enabling high volumes of quotations to be processed, including leads from price comparison websites, in real time. This breadth and depth of data enrichment also drives optimal pricing decisions, reducing cancellations and claims, and ensuring best outcomes for customers and the business.
Matthew Pilgrim, Head of Insurance at Equifax, said “The general insurance market is increasingly competitive, and the capacity to provide informed pricing decisions at speed is fundamental to business success. Equifax has supported Hastings Direct with data enrichment solutions for seven years, during which time the company has experienced considerable growth. We’re looking forward to continuing the strategic relationship with Hastings Direct, and playing our part in its successful future.”
Peter Kelly, Director of Technical Pricing & Decision Science at Hastings Direct, said “Leveraging fast, predictive and accurate data insights is critical for business agility, and is core to our business strategy. After conducting a thorough review of the market we decided to continue our relationship with Equifax due to the power of their data at point of quote, service levels and tailored approach to the insurance market.”