SCOR unveils new cutting edge pricing tool

France-based global reinsurer  SCOR has developed a new pricing tool that it claims provides an "extremely fast" time to market for Inherent Defects Insurance (IDI).

Designed entirely by the company's in-house teams, SPOT IDI is a new app that uses cutting edge technology and the power of the cloud to generate pricing for IDI.

SCOR said the app can be customised to suit the customer's needs in terms of pricing, scoring and appetite.

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