The Platform & The Tools

Lumnion is the only end-to-end platform that companies can:

  • Automate data preparation
  • Model risks with the use of all widely available ML Algorithms with the same data set
  • Bring transparency into all ML Algorithms’ results
  • Manage street pricing real-time/seamless
  • Move from risk-based pricing to behavioral pricing with the use of external data, where Lumnion provides the non-insurance data, to get the 360 view of the customer.

How Different is Lumnion?

Others

All ML Algorithms including GLM, Random Forest, XG Boost, Decision Tree

Only GLM/GAM Algorithms

Black Box ML Algorithm results converted into base price and coefficients like GLM

Base price and coefficients for only GLM

Advisory module for variables and interactions

Trial and error finding new variables

Integrated Rule & Pricing Engine

No Rating/Rule Engine (or expensive/hard to use)

Risk pricing, commercial pricing and behavioral optimization in one platform

Risk pricing calculations

Automated Data Preparation

No data preparation support

Others

All ML Algorithms including GLM, Random Forest, XG Boost, Decision Tree

Only GLM/GAM Algorithms

Black Box ML Algorithm results converted into base price and coefficients like GLM

Base price and coefficients for only GLM

Advisory module for variables and interactions

Trial and error finding new variables

Integrated Rule & Pricing Engine

No Rating/Rule Engine (or expensive/hard to use)

Risk pricing, commercial pricing and behavioral optimization in one platform

Risk pricing calculations

Automated Data Preparation

No data preparation support

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