Polaris teams up with Incited to broaden its data science capabilities

Polaris has announced a new partnership with data science Insurtech, Incited, to broaden its machine learning capabilities offered to its clients.

The new enrichment service is available to Polaris clients using their flagship rating solution, ProductWriter’s Run-Time Environment (RTE), to bring real-time predictive models into its dynamic pricing capabilities. Incited’s founder and CEO Nick Turner said: “The integration of our machine learning service with ProductWriter is an industry first, demonstrating our joint commitment to enabling advanced features in the Polaris ecosystem. Our long-standing partnership with Polaris continues to deliver value to insurers and brokers. Adding machine learning capabilities to the RTE signals our ongoing commitment to develop and train an increasing number of high-value models for the industry.”

Providing a range of predictive algorithms and data enrichments, Incited’s IMMERSA365 platform brings affordable machine learning to organisations previously excluded by prohibitive costs, a shortage of internal resources or lack of confidence in starting the data science journey. The platform is a cloud-hosted software-as-a-service solution, supporting high-volume, high-throughput workloads and producing hundreds of data points across millions of daily transactions.

Head of ProductWriter Martin Thornhill commented: “We are pleased that Incited has utilised the enrichment capabilities of the ProductWriter rating engine. Their work demonstrates the straightforward approach that our customers can take to obtain the benefits of their IMMERSA365 solution quickly. Machine Learning is growing in popularity, and we are delighted that Incited’s solution complements the distinct options available via ProductWriter.

“We look forward to working with more of our insurer and MGA customers as Machine Learning grows in popularity.”