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.
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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