Aurora - transparent co-insurance for SMEs

Aurora - 为中小企业提供透明的共同保险

• 批准号: 10060843
• 金额: $ 22.24万
• 依托单位: NIANDER AURORA LIMITED
• 依托单位国家: 英国
• 项目类别: Collaborative R&D
• 财政年份: 2023
• 资助国家: 英国
• 起止时间: 2023 至 无数据
• 项目状态: 已结题
• 来源: https://gtr.ukri.org/projects?ref=10060843
• 关键词: Aurora; transparent; co; insurance; SMEs

This project will develop a ground-breaking approach to insurance, delivering a digital platform that brings tailored, modular co-insurance to businesses. Customers can get quotes in real-time from multiple providers, bundled into one price, with full transparency over their cover. The platform will also define insurance contracts in a machine-readable form, resulting in much greater clarity on the covered events / limits and allowing both customers and claims handlers to understand and interrogate the cover on offer.This will allow for better understanding and pricing of risk and help to avoid instances such as the recent problems seen with Covid business interruption insurance that led to court cases being necessary to establish if this risk was actually covered.The innovation will benefit customers, reducing the ~£216.2mil SMEs spend each year on insurance they don't need (Suited.Insure) and enabling greater confidence in their insurance cover, allowing for increased risk-taking and greater growth as a result. It will also benefit claims handlers, with liability determined faster, leading to prompt claims settlement and saving administration time.Our innovation will use a Prolog database with new policy-wording segments and rules for usage that will define insurance contracts. This approach delivers clarity of wording and the flexibility to ensure the right cover is in place, avoiding the underinsurance currently estimated to affect ~80% of businesses (Sedgwick).This sets us markedly apart from existing state-of-the-art. While there are some online brokerages in the UK, all are reliant on existing PDF policy wordings -- the majority of which are based on legacy systems that have been transformed incrementally, in some cases over decades, leading to confusing or conflicting wording and an unintentional lack of transparency. This in turn drives confusion over coverage and an inability to tailor policies to the specific need. Current providers can only quote the most straightforward cases in real-time, with delays occurring for all other cases.Our co-insurance platform will transform the market, helping to restore consumer confidence in insurance, empowering SMEs with individualised insurance cover, and bringing a UK-based digital company to compete with international incumbents.

该项目将开发一种开创性的保险方法，提供一个数字平台，为企业提供量身定制的模块化共同保险。客户可以从多个供应商那里实时获得报价，捆绑成一个价格，覆盖面完全透明。该平台还将以机器可读的形式定义保险合同，从而使所涵盖的事件更加清晰/限制，并允许客户和索赔处理人员了解和询问所提供的保险。这将有助于更好地了解风险和定价，并有助于避免最近出现的新冠肺炎业务中断保险问题等情况，这些问题导致有必要提起诉讼，这项创新将使客户受益，减少约2.162亿英镑的中小企业每年花费在他们不需要的保险上（Suited.Insure），并使他们对保险范围更有信心，从而增加风险承担和更大的增长。它还将有利于索赔处理人员，更快地确定责任，从而迅速解决索赔并节省管理时间。我们的创新将使用Prolog数据库，其中包含新的保单措辞部分和使用规则，这些规则将定义保险合同。这种方法提供了清晰的措辞和灵活性，以确保正确的覆盖到位，避免目前估计影响约80%企业的保险不足这使我们与现有的最先进的经纪公司有着明显的区别。虽然英国有一些在线经纪公司，所有这些都依赖于现有的PDF政策措辞--其中大多数是基于已经逐步转变的遗留系统，在某些情况下，几十年来，导致措辞混乱或相互矛盾，无意中缺乏透明度。这反过来又造成了对覆盖范围的混乱，无法根据具体需要制定政策。我们的共同保险平台将改变市场，帮助恢复消费者对保险的信心，为中小企业提供个性化的保险保障，并让一家总部位于英国的数字公司与国际现有公司竞争。