See Nuon’s AI in action: Underwriting innovation through real-time AI
There’s a pervasive logic among insurers when it comes to insurance tech. No one wants to be first, but everyone wants to be second. This makes a certain kind of sense. Being the first to adopt new tech carries risk, but of course, no one wants to be left behind.
How to stay competitive on insurance aggregator platforms – even during peak volatility
There’s a pervasive logic among insurers when it comes to insurance tech. No one wants to be first, but everyone wants to be second. This makes a certain kind of sense. Being the first to adopt new tech carries risk, but of course, no one wants to be left behind.
How technology platform providers can accelerate insurance transformation through AI
To help us – and our customers- understand the workings of Nuon’s AI algorithms we use visual tools. These help us track how the AI is hanging together, as well as provide our customers with real-time insights into how their products are performing.
Tech chat: Scaling our systems to supercharge AI performance
In our last blog, we shared the results of recent performance testing which revealed our AI can process 1,000,000 quotes a week. Now, Nuon Founding Partner Richard Anderson takes you on a deep dive into the tech behind those numbers, giving you a glimpse into the day in the life of our Engineering team.
How AI can help insurance aggregators optimise pricing, even at peak quote times
At Nuon, our vision is to apply AI to transform the insurance lifecycle, and recent performance data reveals just how powerful it can be. This blog will dive into how Nuon AI performs for a motor insurance aggregator.
How we use visual tools to build Nuon AI
To help us – and our customers- understand the workings of Nuon’s AI algorithms we use visual tools. These help us track how the AI is hanging together, as well as provide our customers with real-time insights into how their products are performing.
How Nuon AI works…
This real-world simulation shows how the Nuon algorithm identifies and responds to a competitor who makes a factor change. This particular scenario sees a price reduction on a motor product for legal cover.
Within two hours, the insurer using Nuon has learned, adapted and recovered its conversion rate.
Why reinforcement learning for insurance pricing?
The heart of Nuon’s Artificial Intelligence software is a set of proprietary algorithms based on Reinforcement Learning (RL) So why do we use RL? In simple terms, RL allows us to run experiments on live quotation and sales data – and learn from them.
