Risk Coefficient: Predictive Vehicle Risk Scoring for Smarter Underwriting
The Risk Coefficient is a predictive data score that assesses a vehicle’s risk level by analyzing its power-to-weight ratio (power output divided by kerb weight) and the presence of 19 key safety features. It is part of a broader ecosystem designed to provide insurance companies visibility into a vehicle’s import status (historical data from 24 countries), local market history, and other relevant risk indicators. This comprehensive insight enables insurers to underwrite policies with greater confidence and precision.
Risk Coefficient minimizes exposure by flagging high-risk vehicles at the point of quote or policy issuance. It helps avoid over-insuring or mispricing and contributes to better portfolio health and pricing accuracy.
Objective and Accurate
Delivers a data-driven, unbiased score reflecting true vehicle risk based on the safety features
Real time Information
Continuously updated with market and vehicle data for current scoring.
Seamless Integration
Accessible via API and easy to plug into underwriting platforms.
Scalability and security
Built on secure cloud architecture and scalable across all portfolio sizes.
Versatile
Applicable across pricing, underwriting, fraud detection, and risk assessment.
Market support
Available in the UAE, KSA, and Oman, with more markets underway.