Products & Services

Insurance Consulting » Insurance Pricing

Leading Edge Technical Pricing Analyses

For many insurers, enhancing their technical pricing capabilities represents a fundamental and, in some cases, a quick win approach to reduce risk and improve profitability.

Over the years, the increasing speed and sophistication of tools and techniques has enabled the emphasis of analysis activities to switch from time-consuming data manipulation and modelling to the interpretation and analysis of findings. Our wealth of experience means that we know what we are looking for – making identifying trends and insights that much easier.

Our technical pricing analysis is underpinned by the following software products:

• EMB Emblem - Generalised Linear Modelling software for building robust predictive
  models of claims, retention, conversion and other customer behaviour.
• EMB Classifier - Analyse the effect of geographical area through a range of sophisticated spatial analysis methods.
• EMB Rate Assessor - Combines technical and customer behavioural models, competitor, distribution and customer information to support the pricing process.
• EMB Optimiser - Enables recommendation of policy level price revisions across an entire portfolio by systematically combining cost models, demand models and market prices.

Geography is a significant rating factor in both personal and commercial lines. Because geographical risk differences can be difficult to assess, this provides a source of competitive advantage to those companies who can do this successfully. EMB Classifier harnesses the latest geodemographic and external data, together with spatial analysis techniques including distance and adjacency-based approaches.

Using leading edge techniques, Quantium can help you improve pricing in respect of vehicle make and model. Our proprietary techniques for analysing claims history by underlying vehicle characteristics enable insurers to develop more predictive vehicle risk groups.