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Nuon AI insurance insights

Insurtech and AI insurance news.

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Nuon - How to?

How Nuon AI works…

This real-world simulation shows how the Nuon algorithm identifies and responds to a competitor who makes a factor change. This particular scenario sees a price reduction on a motor product for legal cover.

Within two hours, the insurer using Nuon has learned, adapted and recovered its conversion rate.

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How technology platform providers can accelerate insurance transformation through AI

To help us – and our customers- understand the workings of Nuon’s AI algorithms we use visual tools. These help us track how the AI is hanging together, as well as provide our customers with real-time insights into how their products are performing.

Nuon investment lower

Announcing our £1m pre-seed funding round!

We’re delighted to announce that Nuon has just closed an oversubscribed £1m pre-seed round. We are welcoming new investors and angels on board to support our mission to revolutionise the insurance lifecycle through smart AI.

Performance blog - why we thought we were cool

Tech chat: Scaling our systems to supercharge AI performance

In our last blog, we shared the results of recent performance testing which revealed our AI can process 1,000,000 quotes a week. Now, Nuon Founding Partner Richard Anderson takes you on a deep dive into the tech behind those numbers, giving you a glimpse into the day in the life of our Engineering team.

Mountain peak flag

How AI can help insurance aggregators optimise pricing, even at peak quote times

At Nuon, our vision is to apply AI to transform the insurance lifecycle, and recent performance data reveals just how powerful it can be. This blog will dive into how Nuon AI performs for a motor insurance aggregator.

Decetralised finance graphic / Nuon AI

How will decentralised finance affect insurance?

Not so long ago, cryptocurrency was viewed with a great deal of scepticism; it was for the dark web and not mainstream. But that’s changed and crypto is coming of age – disrupting the financial sector as it goes. How is that so, and how will it affect insurance?

Ignite Systems and Nuon AI partnership

Ignite Systems and Nuon AI partner to deliver UK’s first embedded AI pricing service

Details of the UK’s first AI-driven pricing service have been revealed as part of a joint venture between artificial intelligence specialists Nuon AI, and leading broker policy administration software provider Ignite Systems.

What does AI mean in insurance?

There’s a lot of buzz around AI in all areas of our life. How people feel about that covers the full range of positive, negative or indifferent emotions. In this blog, we get to the heart of what AI means for insurance.

Nuon AI dashboard icon

How we use visual tools to build Nuon AI

To help us – and our customers- understand the workings of Nuon’s AI algorithms we use visual tools. These help us track how the AI is hanging together, as well as provide our customers with real-time insights into how their products are performing.

FCA

Treating customers fairly and the FCAs Equivalent New Business Price – ENBP – rules

Back in 2016, the UK’s Financial Conduct Authority – FCA – raised concerns about the pricing practices in general insurance markets when it published several papers suggesting those practices may lead to consumer harm, with pricing not always reflecting the risk.

Paul Doran

Nuon AI raises £300k pre-seed investment and grows leadership team

Nuon AI has today announced it has secured its first round of investment from Haatch Ventures, a multi-award winning early stage venture fund.  At the same time it has formalised the appointment of Paul Doran as Partner, responsible for Nuon’s growth and customer strategy.  

Flatland / agile team structure

Welcome to Flatland

If you’re familiar with startup lore, you may well recognise that title. It comes from Valve’s Handbook for New Employees. The million-dollar question, of course, is how you scale such a model. There are three inspirations behind how we go about doing things at Nuon: Lean, Agile, and Growth Teams.

Nuon - How to?

How Nuon AI works…

This real-world simulation shows how the Nuon algorithm identifies and responds to a competitor who makes a factor change. This particular scenario sees a price reduction on a motor product for legal cover.

Within two hours, the insurer using Nuon has learned, adapted and recovered its conversion rate.