Data XL - THE PRICING COMPANY

Data XL's flagship product is the Insurance Pricing Room (IPR).

We try to answer the following question: ‘Is the Cost-based (or Actuarial) Pricing the best approach for a nonlife companies?’

Nonlife companies must offer a price in line with the willingness to pay of the customer subject to the competition offer.

The Insurance Pricing Room allows nonlife companies to set up the best profitable price to their customer, using mathematical pricing discrimination techniques. Our approach uses a competitive set data to foreseen their prices and the individual characteristics of each customer to measure customer’s willingness to pay, then we combine all the data in the insurance pricing room to give the optimal nonlife price.

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