avantia group Revenue and Competitors

Avantia is an independently-owned, award-winning and technology-enabled virtual insurer on a mission to ensure that all customers get a good deal on their home insurance, not just those with easy-to-price risks.\n\nWe have achieved a top quartile loss ratio and double-digit growth in market share and profitability by providing home insurance direct to online consumers via our primary customer product, ‘HomeProtect’. \n\nUnlike more traditional insurance firms, we use a combination of proprietary next-generation technology, algorithms and vast data libraries to assess risk. This allows us to pass on lower premiums to our customers and enables us to offer immediate, online cover to the majority of them, irrespective of their circumstances. \n\nAs one of the first firms to go direct to consumers online, we have unparalleled proprietary data, accrued over the last ten years. \n\nAnd our unique approach to technology allows us to deploy, evolve and scale our ideas more quickly than the competition.\n\nWe were one of the first home insurers present on comparison sites, using a rules-based approach to automatically generate quotes. Now we’re leading the way by using Bayesian optimisation and reinforcement learning for retail pricing, applying machine learning to our leading rules engine to ensure that risks are priced as profitably as possible, and utilising streaming technology to provide quotes almost instantly.\n\nOf course, this is all made possible by our people: a diverse group of the very best technologists, data scientists and customer champions in the industry. We work hard to offer an environment that brings out the best in them and gives them ample opportunities to grow, develop and have fun.\n\nSo, if you're interested in working in a fast-paced and challenging environment, for a company that actively encourages you to share ideas to move the industry forward, and recognises these contributions, then Avantia could be just the place for you.