Zurich Insurance selects Autodata Middle East's dynamic pricing model
- United Arab Emirates: Sunday, October 21 - 2012 at 11:49
- PRESS RELEASE
Autodata Middle East, a leading provider of vehicle and pricing information, and Zurich, one of the world's leading insurers, have signed an agreement in which dynamic pricing techniques will determine the actual value of a used car in the U.A.E., resulting in even more accurate calculation of motor insurance premiums.
Maroun Mourad, CEO of Zurich's General Insurance operations in the Middle East, said: "An important part of Zurich's service promise is a commitment to continuously improve how we service our customers and distribution partners. Finding accurate, up-to-date information can be hard in this market, even for a highly developed sector like the automotive industry. Autodata's dynamic auto valuation model will enable Zurich to be even more accurate in pricing risk, ensuring customers enjoy the right cover at the right price."
"There is the misconception in this region that vehicles depreciate by a pre-set percentage each year," states Mr. Pascal Persoon, General Manager of Autodata Middle East. He continues: "Motor insurance premiums that are based on actual car values provide greater transparency and better pricing, which is beneficial for all concerned, insurance company and car owner alike".
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