Sold by: Lumnion GmbH
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.
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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Pricing
Pricing is based on the duration and terms of your contract 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.
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Dimension | Description | Cost/month |
|---|---|---|
Basic | 350 MB Data Size Limit | $0.10 |
Dimensions summary
This listing offers a single contract option: Basic (MB), which comes with a 350 MB data size limit. Pricing is based on this one plan under a contract model, so there are no separate tiers or instance sizes to compare. The data size limit defines how much data you can process on the platform. The platform is built from modules for data preparation, risk pricing, price management, and rate engine functions, which can be activated separately as needed.
Top-of-mind questions for buyers
The 350 MB limit caps the amount of data you can load into the platform for preparation and modeling. It applies to the data you process, not the software size. Once you reach the limit, you cannot add more data under this plan until you free up space or upgrade.
No. The platform is built from separate modules covering data preparation, risk pricing, price management, scenario analysis, and rate engine functions. You can activate only the modules you need, and you can turn them on at different times.
Yes. The vendor can deploy the whole platform, including the Pricing Engine, on premise. In that case, your data does not leave your company. This addresses security concerns for organizations that prefer to keep data in house rather than in the cloud.
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Software as a Service (SaaS)
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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.
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