Various tool covering specific areas of pricing such as special approaches and purpose. It includes GLM tools, Cluster Analysis tool, GPS Smoothing tool, Risk Reporting tool, Market Price Monitoring, Renewal Modelling tool, New Business Modelling tool.
Calculates an optimum price at given constraints (Profit, Growth, New business value, etc.) for different segmentation approaches
Allows fast portfolio monitoring, analysis and reporting and therefore dynamically change the price based on customer behavior and situation on the market
Possibility of Impact assessment of different pricing approaches.
Using GPS locations for smoothing of the claim data in portfolio
Using cluster analysis to group similar risks together
Embedding the regional segmentation into internal GLM model.
Can be integrated into any existing system architecture
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