Optimising sum insured and renewal pricing with coaXion

When insuring assets in a constantly changing market, it's crucial to assess the value and offer fair renewal rates accurately. coaXion offers technology-led products that can assist with implementing data-driven insurance methods for equipment renewals by providing real-time tracking and accurate asset valuation.

Our innovative platform helps insurance companies become more competitive by delivering real-time data and analytics, allowing them to offer better coverage with lower premiums and improved customer experience. By partnering with coaXion, insurance providers can make informed decisions tailored to their clients’ needs and minimise the risk of policy breaches or costly mistakes.

Leveraging real-time data and insights from coaXion’s integrated platform, insurers can pinpoint the sum insured, averting the pitfalls of over-insurance and under-insurance scenarios. Dynamic data in asset valuation is indispensable, facilitating a more nuanced and informed approach to determining the sum insured and engendering a trustful relationship with clients.

coaXion assists insurers with transparent and rational renewal pricing strategies that can lead to increased customer satisfaction and renewal rates. By leveraging our real-time asset valuation data, you can align renewal pricing strategies perfectly, ensuring complete fairness and fostering long-lasting insurer-client relationships.

Adopting coaXion’s in-depth real-time reporting and analytics solution allows insurers to stay ahead of the competition in the equipment sector. Our essential tools allow for a transparent, rational, and equitable pricing strategy based on tangible data that enhances the rapport between the insurer and the insured.