{"id":51725,"date":"2025-02-19T05:07:00","date_gmt":"2025-02-19T05:07:00","guid":{"rendered":"https:\/\/www.elixirr.com\/en-us\/?p=51725"},"modified":"2025-11-10T15:23:52","modified_gmt":"2025-11-10T15:23:52","slug":"thatcham-research-partners-with-elixirr-to-deliver-more-value-for-its-insurance-members","status":"publish","type":"post","link":"https:\/\/www.elixirr.com\/en-us\/thatcham-research-partners-with-elixirr-to-deliver-more-value-for-its-insurance-members\/","title":{"rendered":"Thatcham Research partners with Elixirr to deliver more value for its insurance members"},"content":{"rendered":"\n

Elixirr, the established, global award-winning challenger consultancy, has partnered with Thatcham Research<\/a>, the leading provider of automotive risk intelligence. Elixirr will deliver greater value for Thatcham Research\u2019s members through its custom-built Value Optimizer model. As automotive insurance pricing continues to evolve, this bespoke model offers empirical insights into the applications and challenges of Thatcham Research\u2019s data. Via a series of tailored surveys and workshops, Elixirr will work with leading insurance companies to provide analytics to help them retain competitive edge in a crowded market. <\/p>\n\n\n\n

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Data is the base of the automotive industry, with risk intelligence key to car insurance pricing and insurance claims. Focused on creating a more agile car insurance landscape via robust data and analytics, Thatcham Research found its vast database was being underutilised by its current members. With circa 96% of motor premiums written by a Thatcham Research insurer member, both private and commercial, the rollout of this model comes at a time when everything within automotive is changing, as evidenced by Thatcham Research\u2019s expanding remit across automation, connectivity, repair, security and electrification.  <\/p>\n\n\n\n

This partnership will ensure members are extracting as much insight as possible from the recent launch of Thatcham Research\u2019s Vehicle Risk Rating (VRR), the replacement for the long-established Group Rating 1 \u2013 50 model. VRR now assesses vehicles across five risk pillars, Performance, Safety, Security, Damageability and Repairability and comes at a time when the industry is becoming less driver focused and more vehicle driven. This shift requires insurance providers to have more data on the specifics of each car model, the likelihood of vehicle theft, the repairability of each model, and access to the skills to repair them. <\/p>\n\n\n\n

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“The traditional models of risk assessment in the automotive insurance sector are being challenged and achieving competitive advantage through data is more crucial than ever. Working closely with Thatcham Research to understand their member needs, we have built a new business proposition, The Value Optimizer, which provides Thatcham Research\u2019s members with the granular data and insights that are essential to developing innovative insurance products tailored for the modern landscape.  <\/p>\n\n\n\n

The Value Optimizer enhances Thatcham Research\u2019s ability to deliver personalized solutions, improve customer experiences and optimize the claims processes of the members. In an industry where data is king, our partnership ensures that the right insights are being leveraged and automotive insurers are adapting to change and maintaining a competitive advantage.”<\/p>\nSam Parker<\/a>, Partner, Elixirr<\/cite><\/blockquote>\n\n\n\n

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“Our partnership with Elixirr will help our members realize the greatest possible value from Thatcham Research. It\u2019s about interrogating what we do, how we collaborate with partners and instilling greater confidence to execute. <\/p>\n\n\n\n

As the remit of our research and the data requirements of the ecosystem expand, we must maintain a razor-sharp focus on the evolving needs of our motor insurance members. The established order is facing significant disruption \u2013 with the advent of the software-defined vehicle, and new market entrants and powertrains bringing challenge and opportunity to historic underwriting and claims modeling.  <\/p>\n\n\n\n

The Elixirr team bring the consulting skills we do not have and will provide increased support for our members as they navigate the increasing complexity of the modern automotive landscape. In turn, we will continue to focus on our research, vehicle assessments and delivering data-rich risk intelligence products.”<\/p>\nJonathan Hewett<\/a>, Chief Executive, Thatcham Research<\/cite><\/blockquote>\n\n\n\n

<\/h2>\n\n\n\n

If you’re a Thatcham Research member and want to learn more about how we can help you maximize the value of Thatcham’s data:<\/em> <\/p>\n\n\n","protected":false},"excerpt":{"rendered":"

As part of the Thatcham Research member value proposition, Elixirr provides access to new Value Optimiser to maximise motor insurance offerings\u00a0\u00a0<\/p>\n","protected":false},"author":6,"featured_media":51717,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[104,290],"related_service":[],"related_industry":[60],"class_list":["post-51725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-insurance","tag-partnership"],"acf":[],"yoast_head":"\nThatcham Research partners with Elixirr to deliver more value for its insurance members - Elixirr - USA<\/title>\n<meta name=\"description\" content=\"As part of the Thatcham Research member value proposition, Elixirr provides access to new Value Optimiser to maximise motor insurance offerings.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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1.68945C11.3606 1.68945 1.55273 11.4974 1.55273 23.5508C1.55286 35.6041 11.3607 45.4111 23.4141 45.4111C35.4673 45.411 45.2743 35.604 45.2744 23.5508C45.2744 11.4974 35.4674 1.68957 23.4141 1.68945Z\" fill=\"currentColor\"\/>\n<path d=\"M19.2841 33.6992C18.9579 33.6986 18.6374 33.6111 18.3543 33.4454C17.7167 33.0759 17.3203 32.3585 17.3203 31.5797V15.8189C17.3203 15.0379 17.7167 14.3227 18.3543 13.9531C18.6442 13.7827 18.9735 13.6951 19.3078 13.6994C19.6421 13.7037 19.9692 13.7998 20.2548 13.9776L33.4237 22.0406C33.6981 22.2166 33.9244 22.461 34.0812 22.751C34.238 23.0409 34.3203 23.3668 34.3203 23.6982C34.3203 24.0295 34.238 24.3555 34.0812 24.6454C33.9244 24.9353 33.6981 25.1798 33.4237 25.3558L20.2527 33.421C19.9604 33.6017 19.6256 33.6979 19.2841 33.6992Z\" fill=\"currentColor\"\/>\n<\/g>\n<\/svg>\n<\/span> <\/div>\n <\/figure>\n <div class=\"wp-component-card__content edwp-row-load\">\n <p class=\"wp-component-card__eyebrow\">\n News <\/p>\n <a href='https:\/\/www.elixirr.com\/en-us\/thatcham-research-partners-with-elixirr-to-deliver-more-value-for-its-insurance-members\/' class='wp-component-card__title'>\n <h2>\n Thatcham Research partners with Elixirr to deliver more value for its insurance members\n <\/h2>\n <\/a> <div class=\"wp-component-card__description\">\n As part of the Thatcham Research member value proposition, Elixirr provides access to new Value Optimiser to maximise motor insurance offerings\u00a0\u00a0 <\/div>\n <div class=\"wp-component-card__meta\">\n <p class=\"wp-component-card__date\">\n 19 February 2025 <\/p>\n <div class=\"wp-component-card__terms\">\n <div class=\"wp-component-tags edwp-component\">\n <div class=\"wp-component-tags__tag\">\n Insurance <\/div>\n <\/div>\n <\/div>\n <\/div>\n <div class=\"wp-component-card__button-wrapper\">\n <button class=\"btn btn--link arrow wp-component-card__button\">\n Read more <span class='edwp-svg '><svg width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" 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