Nuon offers the UK’s first embedded AI pricing service, helping technology platform providers to accelerate insurance transformation.
With two simple API calls, our AI technology seamlessly plugs into an insurer’s existing IT infrastructure. Running thousands of small pricing experiments, Nuon makes real-time pricing adjustments to react to market changes to increase take-up rate and profitability.
Nuon’s AI sits alongside an insurer’s current platform, offering a central ‘brain’ for smart pricing optimisation.
“The technical integration with Nuon was simple – just two API calls and no replacing of our existing infrastructure. We’ve built a strong relationship with the Nuon team and they were really responsive to our questions throughout the process.
“That smooth integration means we have been able to focus our attention on what really matters – working with the insurers on our platform so they can reap the benefits of the AI.
“Helping insurers deliver the best insurance products and services to the market fast is our top priority and Nuon has been a perfect fit for this.”
Managing Director, Ignite Systems
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.
There’s a lot of buzz around AI in all areas of our life. How people feel about that covers the full range of positive, negative or indifferent emotions. In this blog, we get to the heart of what AI means for insurance.
Nuon AI Ltd, 57 The Boundary, Langton Green, Tunbridge Wells, England, TN3 0YA
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