Lumnion

OCTOPUS

USE AI TO BE PRECISE

Behavioral Pricing Optimization with External Data

Our Behavioral Pricing Optimization Tool – Octopus is designed to refine the outcome of price predictions to the finest point, with the aid of the use of external data and AI modeling.

Octopus predicts the customers’ price elasticity to the granular levels based on their income and spending ability, to ensure to keep the high loyalty rate and increased new customer flow.

Our tool is the combination of ever produced ideas for actuarial with all available data sources. Octopus merges domain expertise with collective artificial intelligence to produce the best possible optimization based on prediction models.

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Use of External Data

Lumnion’s external data from open and paid sources


Net Disposable Income Prediction

Predicting customer’s income and spending capacity


Customer Price Optimization

Predicting customer’s price elasticity

PRICE OPTIMIZATION

Octopus optimizes price predictions and identify customer elasticity to increase loyalty and customer gain for insurance products.

SEE BIG PICTURE

Octopus merges domain expertise with collective artificial intelligence to generate beyond human calculations.

EASY TO IMPLEMENT

Our tool is adaptive and dynamic, so generated results are constantly being converted into core systems.

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