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CUSTOMER BEHAVIOR & PRICE SIMULATION MODULES

Thanks to addactis® Pricing, the users can now use the customer Behavior module to model expected behavior of the insured against tariff changes.

The users can also calculate the price elasticity during the underwriting and at key moments such as sale, renewal or lapse.

Secondly, they can combine these models with premium models in the Price Simulation module and launch a large number of scenarios in order to find the best fit; and/or maximize a constrained business indicator.

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DEPENDABLE AUDIT TRAIL

addactis® Pricing includes a full audit trail to follow and track any changes made during the project.

This key feature helps to better understand the decisions made by other actuarial team members, to share projects and reports, and to correctly interpret results.

You have a full traceability of your tariff project. Moreover, with addactis® Pricing the entire pricing process is integrated and documented. Several tailor made reports can be developed.

add final piece puzzle complete pricing solution made by expert & actuaries

COMPLETE PRICING SOLUTION MADE BY EXPERTS & ACTUARIES

addactis® Pricing has been developed and is constantly improved by pricing actuaries with a tremendous expertise in today’s challenges for the worldwide insurance market. The addactis® experts are deeply focused on the transfer of knowledge adapted to each identified need and topic in the non-life area.

The powerful engine of addactis® Pricing is specifically designed to handle large amounts of data and obtain detailed results in a few moments.

Our easy-to-use interface enables you to carry out the entire pricing process in one consistent application.

Several tailor-made reports can be developed. The combination of graphs and tables helps the actuary to understand the data and the statistic models, in order to take the right decisions.

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FULL RANGE OF PRICING MODELS, GLM & DATA SCIENCE

addactis® Pricing includes the latests improvements to the actuarial modeling science.

Moreover, our software solution provides your non-life team with a powerful GLM engine that can be used to model price indicators such as frequency and average cost in addition to behavioural indicators. It also includes reverse engineering methods to model the final tariff structure. And thanks to the Data Science module of the Tariff component, the user can use machine learning methods such as CART, Random Forest and Gradient Boosting – in parallel with GLMs.

These methods allow the user to identify the most significant variables, to detect interactions, to model tariff indicators and to compare the models obtained with the GLM models. During the consolidation of these models, the user has the possibility to mix both types of models.

HAPPY CLIENTS

CA Seguros logo on white round

Portugal

Up until 4 years ago we did  not really have a satisfactory software for pricing, namely one that would make use of the widely utilized Generalized Linear Models. addactis® Pricing was presented to us as such a software, and after some fruitful presentations and testing we proceeded for its purchase. We believe that one of the main points of satisfaction in using addactis® Pricing is the integrated framework where the analyst can virtually perform every step of a tariff development within the same tool, making use of a lot of the prescribed best practices.
Francisco Silva, CA Seguros Actuary in Portugal.

Fundacion Mutua General de Seguros logo on white round

Spain

The initial need has been to obtain Non-Life insurance pricing (especially Cars and Home insurance) with the use of powerful systems for the study of the most representative variables, for example Generalized Linear Models. We saw several tools and addactis® Pricing was the one that most met our needs, both for its solutions and price. What we liked the most is that the pricing process is done through intuitive steps, noticing that it has been designed by someone who knows well the phases of a pricing process.”
Vicente Molero, MGS Seguros Y Reaseguros S.A Actuarial Funchtion Manager in Spain.

Progressive logo on white round

Malaysia

“We were looking for a solution to develop technical pricing model for Motor insurance. The addactis® Pricing software is the answer because of its ability to assist us in developing technical pricing model for Motor insurance. It is very important for us that the addactis® Pricing software has a built-in step by step application from data management to GLM (i.e. develop technical pricing model).
Leong Kim Foon, Progressive Insurance Bhd in Malaysia.

  • CA Seguros logo on white round
    Portugal

    "Up until 4 years ago we did  not really have a satisfactory software for pricing, namely one that would make use of the widely utilized Generalized Linear Models. addactis®Pricing was presented to us as such a software, and after some fruitful presentations and testing we proceeded for its purchase. We believe that one of the main points of satisfaction in using addactis® Pricing is the integrated framework where the analyst can virtually perform every step of a tariff development within the same tool, making use of a lot of the prescribed best practices."

    Francisco Silva, CA Seguros Actuary in Portugal.

  • Fundacion Mutua General de Seguros logo on white round
    Spain

    "The initial need has been to obtain Non-Life insurance pricing (especially Cars and Home insurance) with the use of powerful systems for the study of the most representative variables, for example Generalized Linear Models. We saw several tools and addactis® Pricing was the one that most met our needs, both for its solutions and price. What we liked the most is that the pricing process is done through intuitive steps, noticing that it has been designed by someone who knows well the phases of a pricing process."

    Vicente Molero, MGS Seguros Y Reaseguros S.A Actuarial Funchtion Manager in Spain.

  • Progressive logo on white round
    Malaysia

    "We were looking for a solution to develop technical pricing model for Motor insurance. The addactis® Pricing software is the answer because of its ability to assist us in developing technical pricing model for Motor insurance. It is very important for us that the addactis®Pricing software has a built-in step by step application from data management to GLM (i.e. develop technical pricing model)."

    Leong Kim Foon, Progressive Insurance Bhd in Malaysia.

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