Lumnion

Lumnion develops state-of-the-art AI-driven insurance pricing platforms for the Insurance Industry.

With the use of Artificial Intelligence and Machine Learning, Lumnion provides a unique end to end platform that can connect to any core system, automating data preparation, with more precise risk pricing, impact analysis and dynamic pricing.

Lumnion’s open platform allows the use of all widely accepted Machine Learning Algorithms including XG Boost, Random Forest, Decision Tree as well as GLM and GAM for risk modelling. Moreover, Lumnion has also developed its own methodology to make any of the black box machine learning algorithm transparent, so that they become operationally usable.

The ML based advisory module helps relieve actuaries from operational work and improves model results dramatically by providing real time advice on the portfolio.

Lumnion’s pricing platform also allows companies to optimize pricing on a personal level with the use of external data, getting 360 view of the customer.