Indian Insurtech Builds Award-Winning Motor Insurance Pricing Engine Using Policybazaar Competitive
An Indian insurtech startup building a digital-first motor insurance product partnered with Actowiz Solutions to deploy competitive premium intelligence from Policybazaar, InsuranceDekho, and 15 direct insurer portals. Using scraped competitive pricing across 50,000+ vehicle-profile combinations, the startup built a pricing engine that achieved a 62% underwriting hit rate (vs. 45% industry average), maintained a combined ratio 34% below industry benchmarks, and reached ₹180 crore in Gross Written Premium within the first year of operations.