Insurance Princing Room
October 1, 2017 at 9:11 am,
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Our product was born from the need of Insurers to find out what customers value their products. With our solution, it is now possible for Insurers to identify which properties of their products do customers value the most and more importantly how much are they willing to pay for them.
More, our approach gives the Insurers the price that is been presenting to the client by the competition. This information is included in our price design so that Insurers can present the best price to their customers.
Through our services and several tested statistics algorithms, our clients can rely on a more precise risk model and above all where price is no longer based on cost, but on customers' perceived value. At the end Insures can have a price that maximizes its margin, maximizes their revenues or that reduces the churn.
Finally, with the Insurance Pricing Room, Insurers are now capable of testing new products in a safe environment where they can model price and product features according to customers willingness to pay and their competitive set.