Lumnion

Overview

Lumnion is a Munich headquartered pricing platform for non life and health insurers, with engineering and a second base in Istanbul. The platform runs end to end across five named modules: Bee automates data preparation and earned premium calculation, Cheetah performs risk pricing and actuarial modeling, Dolphin handles commercial price management and scenario analysis, Engine is an integrated rate engine that pushes a commercial price decision into the market directly, and Octopus enriches internal data with external sources. The modeling layer is deliberately open rather than proprietary: actuaries can fit gradient boosted trees, random forests, decision trees and both generalized linear and generalized additive models, then compare them side by side on the same dataset with statistical results published for every factor and model, automated and manual variable grouping, and advice on factors and interactions. Lumnion's own methodology converts the output of opaque machine learning models into base prices and coefficients, exposing which variables were used, their significance and their interactions, so that a result can be operated and audited rather than only trusted. Reporting is audit traceable and simulation results are shown geographically. Named customers on the company's own site include Allianz, Cigna, HDI, NN Hayat Emeklilik, Magdeburger, Mailo, Turkiye Sigorta, Aksigorta, AgeSA, Eureko, Fiba, Neova, Quick, Unico and the Turkish insurance sector information and monitoring center. Partnerships include Amazon Web Services, EY and SAP Fioneer, and the platform is listed on the Amazon marketplace. The company publishes four current certifications with the certificates themselves available for download.

Details

Similar Tools

• Akur8 Insurance
• Artificial Labs Insurance
• BriteCore Insurance
• CLARA Analytics Insurance