Price Optimisation
Our Price Optimisation service covers how we integrate risk premium with competitor analysis and price elasticity. With it, insurers can boost their profits, generate more business, increase customer loyalty, achieve better lead conversion rates, and maximise customer lifetime value.
What we offer
Behavioural analytics
Our experienced actuaries can build propensity models to predict quote-conversion, renewal, and cancellation rates accurately for your portfolios. Use this to identify the keen subscribers, long-standing customers, robust distribution channels and most profitable segments of your portfolios.
Climate risk analytics
We have a proven track record of performing geospatial analysis and suitable customised scenario analysis, to account for the climate risk component within our clients’ portfolios.
Dynamic pricing
We assess trends, changes and interactions in experience using nuanced models. Combining this with competitor experience stats, target KPIs and other relevant soft factors, we tailor accurate solutions to ensure sustainable profitability.
Product design and management
The demand and competitor analytics we use can help identify different segments of customers based on their behavioural characteristics. With this, we can advise you in developing targeted marketing strategies, re-designing existing products or even developing new ones.
Client centric culture
Client centric culture is central to our business. Our solutions come with clearly written user-manuals and committed after-sales support, which all combine to enhance the user experience and help you meet your targets for success.
Why choose 4most?
70+ actuaries
With generations of regulatory expertise between them. We understand all the metrics for success within the insurance world.
Trusted 100%
Our track record speaks for itself. In our most recent Client Satisfaction Survey, every single one of our clients recommended us.
Tailored to you
We take the time to understand your unique challenges so that we can deliver bespoke solutions that truly make a difference.
True specialists
There’s experts, and then there’s specialists. We live and breathe risk analytics consulting every day, which means we stay in tune with the latest trends.
Key contacts
“4most’s extensive industry experience has enabled us to look at risk management from a broader perspective. We can now make quicker process changes and better understand our customer profiles.”
Got a question about our Price Optimisation service?
Get in touchInsights
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