The design of a solution adapted to the market's needs is a good example of the synergy of Garantme and Seyna's expertises.
Garantme used its proprietary scoring model to determine the eligibility of the insured person. The effort rate is determined according to several criteria, including a behavioural analysis to predict the probability of non-payment of their rent according to the insured person’s behaviour observed on the Garantme website. The scoring is also completed by the presence of a "sponsor" who, unlike a classic guarantor, is only called upon to act as a relay for reminders in the event of non-payment. The sponsor may be a student manager, an employer or a relative abroad.
Seyna used its statistical tools to offer a competitive rate and to monitor the evolution of the claim expenses. Seyna and Garantme, in partnership with the reinsurer, set up a provisioning policy specific to Garantme's data, which from simple and automatable rules allows the calculation of reliable provisions adapted to the risk of each contract.
Beyond its insurance expertise, Seyna's real added value lies in its capacity to reconcile the proposal of a very competitive price while securing the viability of the programme with a very close monitoring of the technical performances. This is only possible thanks to the portfolio monitoring tools developed by Seyna.
In addition, Seyna showed a speed to answer to its partner's requests to make the product evolve to take into account the market feedback. For example, the product was adapted to meet landlord’s' requests for specific features (covered ceilings, etc.).
Finally, the use of Seyna’s API-as-a-service greatly facilitated the fluidity of exchanges and the rapid implementation of the program.