Swiss Ray And TNEDICCA, a provider of traffic crash data and location risk analytics, has announced a strategic partnership. The partnership integrates TNEDICCA-owned location-based risk scores and its location risk information into Swiss Ray’s Motor Market Analyst (MMA) so that insurers can more accurately assess and determine automated risk pricing.
Yiem Subhanich, co-founder and CEO of TNEDICCA, said, “Our position-based risk score has been experimentally proven to improve the profitability of auto insurance companies, with an average loss ratio of 38%.” “The partnership with Swiss Ray, the world’s largest reinsurer, is a milestone that reinforces the growing value that TNEDICCA has in the auto insurance industry.”
“We are thrilled to incorporate TNEDICCA’s innovative data solutions into the MMA,” said Perez Alonso, head of P&C Analysis for America at Swiss Ray America. “This will allow our clients to understand more granular and precise risks. More drivers on the road and increased loss ratios, need to monitor where their bottom line auto insurers crash to improve and crash location data outside of garage location loss history included in their rating area.” We hope that this cooperation will lead to the development of many products in the future. “