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    Lumnion's Insurance Risk Pricing and Modelling Platform

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    State of the art AI based risk modelling with automated data preparation for more precise risk pricing. Lumnion's open platform allows the use of all widely accepted Machine Learning Algorithms, including XG Boost, Random Forest, Decision Tree, as well as GLM and GAM for risk modeling. Lumnion has also developed its own methodology to make any black box machine learning algorithms' results transparent to make them operationally usable.
    Listing Thumbnail

    Lumnion's Insurance Risk Pricing and Modelling Platform

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    Overview

    Lumnion offers an automated data preparation and earned premium calculation solution, making it easy and fast to create modeling data suitable for machine learning without any coding. Simply choose your analysis period, and you are ready to go, eliminating operational risk and the need for code. This tool simplifies complex calculations, allowing you to obtain the most accurate numbers with just a few clicks.

    Moreover, Lumnion enhances risk pricing and actuarial modeling by discovering hidden patterns and identifying new variable combinations, thereby improving risk detection for insurance products. Combining domain expertise with collective artificial intelligence, Cheetah simplifies the modeling process and generates calculations that surpass human capabilities. It supports sophisticated actuarial modeling, including GLM, GAM, XGBoost, and other widely used machine learning algorithms for risk modeling. Platform includes automated and manual variable grouping, factor and interaction advice, statistical results for all factors and models, model comparison modules, and automated reporting to enhance the user experience when building complex risk models.

    Highlights

    • Enhanced Risk Detection and Modeling: Improves risk detection for insurance products by discovering hidden patterns and identifying new variable combinations. Simplifies the modeling process and surpasses human capabilities through advanced artificial intelligence.
    • Sophisticated Actuarial Modeling: Supporting GLM, GAM, XGBoost, and other widely used machine learning algorithms, allowing for robust risk modeling and accurate calculations. Brings transparency into all ML algorithms that are on the platform.
    • Comprehensive ML Features: Includes automated and manual variable grouping, factor and interaction advice, statistical results for all factors and models, model comparison modules, and automated reporting to enhance the user experience in building complex risk models.

    Details

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    Features and programs

    Financing for AWS Marketplace purchases

    AWS Marketplace now accepts line of credit payments through the PNC Vendor Finance program. This program is available to select AWS customers in the US, excluding NV, NC, ND, TN, & VT.
    Financing for AWS Marketplace purchases

    Pricing

    Lumnion's Insurance Risk Pricing and Modelling Platform

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    Pricing is based on contract duration. You pay upfront or in installments according to your contract terms with the vendor. This entitles you to a specified quantity of use for the contract duration. If you choose not to renew or replace your contract before it ends, access to these entitlements will expire.

    1-month contract (1)

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    Dimension
    Description
    Cost/month
    Basic
    350 MB Data Size Limit
    $0.10

    Vendor refund policy

    No Refund Policy

    Legal

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    Upon subscribing to this product, you must acknowledge and agree to the terms and conditions outlined in the vendor's End User License Agreement (EULA) .

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    Usage information

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    Delivery details

    Software as a Service (SaaS)

    SaaS delivers cloud-based software applications directly to customers over the internet. You can access these applications through a subscription model. You will pay recurring monthly usage fees through your AWS bill, while AWS handles deployment and infrastructure management, ensuring scalability, reliability, and seamless integration with other AWS services.

    Support

    Vendor support

    Customers can contact support@lumnion.com  both within the platform and externally. Lumnion has a policy of responding to any request within 24 hours.

    AWS infrastructure support

    AWS Support is a one-on-one, fast-response support channel that is staffed 24x7x365 with experienced and technical support engineers. The service helps customers of all sizes and technical abilities to successfully utilize the products and features provided by Amazon Web Services.

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