EMB Optimiser
Providing highly sophisticated price optimisation at a policy as well as ratebook level.
EMB Optimiser extends the capabilities of Rate Assessor using state-of-the-art mathematical algorithms to derive optimised premiums at the individual or ratebook level.
Fast and flexible, Optimiser uses advanced mathematical algorithms to find optimal prices, systematically combining cost models, demand models and market prices. It multiplies the effectiveness of the entire price management control cycle by recommending policy level price revisions across an entire portfolio.
Price optimisation
Optimiser incorporates powerful statistics and diagnostics with a practical approach to business constraints. The unique value-based optimisation algorithm in Optimiser was developed specifically for the insurance industry to balance more certain short-term profit with longer term opportunity. Adjustments can be made to reflect expert human judgement and constraints can be applied iteratively to explore effects.
Combined capability
Many clients have licensed Rate Assessor with Optimiser and experienced a significant improvement in profitability. Our consultants have broad business planning and strategy expertise and can support you throughout the entire price optimisation implementation process, helping you make important commercial decisions with confidence and conviction.
Business Benefits
- Optimises profits directly and enables flexible strategic targeting
- Enables sophisticated demand-based price modelling
- Combines mathematical optimisation with recognition of real-world business constraints
Key Features
- Ability to support a wide range and complexity of models, parameters and scenarios
- Powerful diagnostic capabilities for sense-checking prices prior to implementation
- Alternative strategies and constraints can be investigated rapidly and with ease
- Enables optimisation solutions, even in low demand situations
If you are interested in this software, please contact us at software-uk@emb.com
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