Marco Capital advances UK Motor strategy with law firm Weightmans
12th September 2023
The London-based team at Marco Capital has come together with the Weightmans team, headquartered in Liverpool, in a strategic partnership to provide market-leading solutions for UK Motor Legacy claims using Weightmans’ proprietary AI assisted large loss predictive analytics tool, PREDiCT. This collaboration, a significant step forward in our UK Motor strategy, has been over a year in the making.
Simon Minshall, Marco Capital CEO, said, “Our alliance with Weightmans and the application of the PREDiCT tool for Legacy claims reflects Marco’s commitment to innovation and strategic growth. Our substantial risk appetite for Legacy motor exposure, including PPOs, is supported by PREDiCT which provides a technical edge in addressing this substantial market segment.”
PREDiCT, first launched in 2019, has undergone extensive development and learning and provides an AI assisted enhancement to the traditional approach to large loss claims management and reserving accuracy, reducing claim lifecycles, and minimizing overall indemnity spend. The unique insights offered by PREDiCT, developed by Weightmans’ in-house data scientists, provide a valuable contribution to Marco’s motor Legacy solutions. Our partnership with Weightmans has given Marco exclusive access to this innovative tool, enabling us to delve deeper into long-tail Motor claims, a significant market segment often neglected by Legacy consolidators.