TDM Veneficus 2

Actuarial testing

Add a touch of AI to your testing process .

Being in control is crucial with actuarial calculators. We use AI for quality, completeness and less financial risk. Consider, for example, testing a dynamic pricing process or approving a new administration system. In this process many tactical decisions have to be made before the calculation modules and systems can go into production.

Data abounds .

The insurance market has been changing for years and market developments are occurring faster and faster. Customers expect personal pricing, new and innovative products, targeted advice, good pensions and more comfort. If you don’t want to be overtaken by startups, you will have to adjust your models and processes. Something that only works by increasing your efficiency, with standardized processes, supported by data and analyzes.

What is the best rating?

What distributions can I expect? What are my entitlements? What price should this policy have? And can you also derive commercial added value for your organization from that? These questions must not only be efficient and compliant for reporting, but also for numerous analyzes

It is nice not to have different actuaries reinvent the wheel more often. Instead of complex – elevated to production tooling – Excel models, we develop tools in which actuaries can answer business questions efficiently and in a standardized and auditable way. This allows you to respond faster to new market developments and innovations.

Estimate risks

You know it is very important to be able to properly estimate the risks hear certain types of customers. If you know that, you can look more specifically for new customers with the desired risk profile. This way you keep the right balance in your portfolio.

By clustering on the characteristics of existing customers, we distinguish different customer groups and our thorough analysis determines the associated risk profile for each customer group. Based on the results, we provide advice to set up targeted marketing campaigns.

What is the best price?

The world of actuarial and commercial pricing is getting closer together. This is also logical, because the costs of an insurance product are not linear to the number of policies sold. The dynamic game between sales numbers and price is therefore very important. Do you already have this under control?

We bring together the worlds of actuarial and commercial pricing. Making good sales predictions for the corresponding prices is essential. With the results of the analyzes you can calculate scenarios yourself to determine the effect of price changes on sales numbers and the risks. Because we also ensure continuous monitoring of new customers. Are the right risks being brought in? Or is the customer profile different and the pricing and marketing must be adjusted accordingly.

Who is your customer?

As an insurer you want to make the best possible risk assessment for customers. In today’s world, this is getting easier, because more data is being generated and collected. But how do you combine everything you know about the customer and how do you use that knowledge to get more out of your customer relationship?

With our models, we use all this data & nbsp; to make an individual risk assessment for each insured person. But our analyzes go further. To improve your customer relationship, we show which products or advice best meet the needs of the customer.
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Analyse flows

How do you stay ahead of your competition ?

As an insurer you have to adapt models and processes to be able to comply with this and not to be overtaken by new insurtech startups. Increasing competition in the market makes cost reduction a necessity. You can only achieve this if you increase efficiency, with standardized processes, supported with data and analyzes.

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A touch of magic .

“Veneficus adds a touch of magic to our data solutions. Together with Veneficus we develop insight into the sales potential of a food service location for a brand, product or category. A true partner who adds more value to our business and makes a difference by ‘just that’. little more to do “in creativity and involvement.”

Marco van den Ouden

CEO Datlinq

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Responding perfectly to customer needs .

“Thanks to Veneficus’ analyzes, we understand customer needs better and we respond to this, for example by adjusting our range.”

Bart Oprel

CFO –Detailresult

Receive a free tactical attack plan.

We are convinced that by 2030 all relevant tactical decisions in our markets are made using robotic or fully automated tools. Of course Veneficus is the partner to ensure that you are ahead and do not miss the boat. Wondering where your opportunities lie? Request a free tactical attack plan.