Defaqto has signed its first six contracts following the release of its Matrix 360 software with clients including Zurich, RAC, Frontier Insurance, NFU Mutual and Policy Expert. The tool enables users to continually assess their product portfolios against those available in the market.

Anqelique Chard, head of product and distribution at Frontier Insurance, said: “Matrix 360 provides real-time data and automated reporting, enhancing our efficiency and effectiveness. Its intuitive design and enhanced visualisations help us quickly derive meaningful insights and identify trends. The tailored reports help us to demonstrate fair value and to benchmark our products against market standards.

“Our product oversight is now more efficient and impactful, supporting our commitment to providing transparent, customer-centric insurance policies.”