Skip to main content
Repricing is a mid-term premium adjustment: the price of an active policy is recalculated and updated part-way through its term, without waiting for renewal. It is driven by an external signal — most notably a telematics driving-behaviour score — so that the premium can reflect how the insured actually uses the covered risk. Today, repricing is used for usage-based motor products (the VTC products on Yeet and Axece), where the driving score comes from DriveQuant. It is enabled per product and does not apply to products that are not configured for it.

​
How repricing works

Repricing runs on a dedicated policy branch, separate from renewal, so a repricing never interferes with the policy’s renewal cycle. When a repricing is triggered for an eligible policy:
  • A new quote is computed on the repricing branch, using the latest external signal (for example the current driving score).
  • The branch is merged automatically — the new price simply takes effect on the policy.
  • The adjusted premium is prorated against the remaining term, so the customer is charged the new rate only for the time left to run.
Unlike a renewal, repricing has no customer accept/refuse step and no notice period. The updated price applies directly once the repricing merges.

​
Eligible repricing dates

Eligible repricing dates are computed from the policy’s start date plus a configured interval — for example, every three months. Each anniversary of that interval is a candidate repricing date. A policy is repriced at most once per interval: if it has already been repriced for the current period, or if the policy is stopped, no further repricing is applied.

​
Repricing vs. renewal

Repricing

Mid-term. Driven by an external signal. Merges automatically — no customer decision, no notice period. Prorated over the remaining term.

Renewal

At the policy anniversary. The customer can accept or refuse (unless tacit renewal is configured). Starts a fresh term.

Renewals

The anniversary-based cycle that repricing is distinct from.

Telematics

The driving-behaviour scoring that drives repricing on usage-based motor products.