Professional services firm, Aon plc is offering its insurer and reinsurer clients access to a new pricing platform software, designed for companies underwriting all classes of commercial insurance and reinsurance business.
The pricing software is designed to help underwriters, actuaries and executive management while sparing information technology (IT) teams, as Aon hosts the platform.
“Accurate technical pricing is key to insurers operational performance and profitability, informing better decisions in an environment of macroeconomic volatility and subdued investment returns. It is vital not only for business planning, but also in ensuring the front-line implementation of an insurer’s business plan,” says Aon’s head of pricing with the firm’s strategy and technology group.
“Using Aon’s proprietary model builder technology, the pricing platform allows teams to configure web dashboards through drag-and-drop features in minutes instead of days or weeks,” they add, saying both Python and Tyche engines are supported. “Aon’s strategy and technology group brings together insight and software solutions to help insurer and reinsurer clients make better business decisions.”