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Nuon AI
Price Optimisation for Insurers, MGA's and Brokers

What is Nuon AI?

Nuon AI provides a price optimization service for insurers, MGA's, and brokers in personal and commercial lines, including motor, home, pet, travel, life, and SME/Business insurance.

The service uses proprietary Reinforcement Learning algorithms to optimize pricing in real-time, reacting to market conditions. This helps to increase take-up, profitability, and customer retention. Nuon AI is designed to be secure, compliant, fully auditable, and easily integrates with existing risk pricing models and IT infrastructure. A bespoke, user-configurable AI dashboard is provided for monitoring and adjustments.

Features

  • Real-time pricing: Reacts to market conditions to optimize price.
  • Reinforcement Learning algorithms: Proprietary algorithms for price optimization.
  • Secure and compliant: Ensures security and auditability.
  • Configurable dashboard: Bespoke AI dashboard for user configuration.
  • Integration: Designed to complement existing risk pricing models and IT infrastructure.

Use Cases

  • Increase profit margins for insurance policies.
  • Improve policy sales volume.
  • Enhance customer retention rates.
  • Optimize pricing for new business and renewals.
  • Adjust pricing dynamically based on market conditions.

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