We develop pricing models that help underwriters hit their target loss ratios
We believe pricing models should be a tool that underwriters can use to make smarter decisions and give them real-time analytics so they can see what each deal means to the bigger picture.
To develop our models we speak to the team who use them. We make sure that the model captures their real-world logic and process.
Using a “user-first” approach, we make sure the tools are a valuable addition to the underwriter’s toolkit. The data captured is in turn richer, and becomes an asset in itself. Happy underwriters, happy actuaries, happy businesses.
Choose the platform to best suit you
We can review, audit and update your current system or build from the ground up.
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Integrate
We know different stakeholders in your organisation have different needs for the same data, that’s why our systems are built with the adaptability to integrate with third party software.
OUR PRICING MODEL APPROACH
Assist
Our models are built to help assist underwriters, not to take control of the wheel. We believe that pricing models provide a great asset to the underwriter’s toolbox and should provide clear information to help decision making.
The better made the tool is and the more suitable it is for a task, the more it gets used.
Reflect
The best models reflect the underwriter’s world view and give them a source of consistency.
We build models that capture the underwriting team’s approach. This allows us to create trusted tools and build real-time data analytics. This enables the model to show what each new deal means to the bigger picture.
Capture
Capturing pricing information should take care of itself.
Pricing models that provide valuable assistance and honestly reflect the views of their users become great sources of truth.
By ensuring that the data is captured at entry the model becomes a source of value.
We’re proud to bring our knowledge and experience in insurance software and technology to our clients.
We know how insurance works, and we are passionate to drive it forward in a sustainable and efficient manner. We’ve seen clients come to us frustrated with solutions that promise the world but don’t offer the flexibility they require. Our experience allows us to help our clients utilise tools effectively and build the supporting architecture so that their business can grow without being constrained.
George Wright – Founder
george@vounder.co.uk