Lumnion hosted a panel on "Risk Pricing and Sustainability in Volatile Markets

In today's global economy, which is increasingly interconnected, the importance of accurate pricing in insurance cannot be overstated. With the rise of digitalization, businesses are experiencing a rapid transformation. As a result, business processes have been significantly renewed, leading to the need for more precise modeling. Accurate modeling has become even more critical in the insurance industry due to the need for specific pricing.

As a result, companies with newer technology in their pricing processes had the opportunity to differentiate themselves positively commercially in the sector. In addition to using big and practical data, it has become crucial to make sense of it and thus increase technical profitability by more accurately pricing risk. Lumnion's insurance pricing platform provides precisely the support that insurance companies need at this stage. With Lumnion's platform, insurance companies can leverage advanced analytics and machine learning algorithms to understand their customers' needs better and price their policies more accurately. This ultimately leads to increased revenue and customer satisfaction, creating a win-win situation for everyone involved.

At the "Risk Pricing and Sustainability in Volatile Markets" panel held on November 23rd with the participation of Okan Utkueri, Board Member of VHF Re, as Moderator, Genco Fas, Lecturer at Bilgi University, Arzu Akkaş, Co-Founder and CEO of Akalitas, Rolfvan Dawen, Member of Lumnion Advisory Board, and Aren Haddeler, Chief analytics officer (CAO) at Lumnion, as speakers, The macro-economic situation and risks, the value Lumnion offers and how it prices risk in volatile markets, what this picture means for the health and non-life insurance sector, the situation in Europe and especially in Germany were discussed. In addition, information was shared about the training platform to be jointly developed by the Lumnion team and Genco Fas, the details of which will be shared in the coming days.