Kognitio, a provider of business intelligence (BI) and data warehousing solutions, has entered into a partnership agreement with Quomation Insurance Services, an insurance technology developer that specializes in rating and management systems.

Under the terms of the partnership, Kognitio and Quomation will offer on-demand pricing and re-rating service-based solutions that are targeted at helping the insurance industry to become more agile and competitive.

The union brings together Kognitio's analytical database, WX2, via its Data Warehousing as a Service (DaaS) model, and Quomation's PowerBatch and PowerQuote solutions to offer a pricing and re-rating proposition to automotive insurers. Personal auto insurers are able to create varied sets of price data and then match that data against internal information in order to uncover new insights that will help maintain profitable and competitive advantages in the market. The service-based offering means end-user organizations can perform ad-hoc rating analyses and pay via a monthly fee as opposed to spending six-figure sums on acquiring, implementing, and managing on-site systems to perform this work.