Luminant Analytics is an Insurtech company that offers advanced analytics solutions for insurance companies. Our unique value proposition is the use of curated, industry-relevant external data as inputs to improving traditional methods of portfolio segmentation, risk selection and pricing.
These inputs capture and very accurately predict key external trend changes, which then serve as benchmark analytics that an insurer can use to compare with their own book´s performance and re-calibrate, as needed.
We help insurers improve their risk selection and pricing by effectively leveraging external data analytics
Why Luminant Analytics?
“If you always do what you always did, you will always get what you always got.” – Henry Ford
With our comprehensive, multi-disciplinary approach to risk assessment, we help insurers in improving their underwriting and pricing.
So far, insurers mostly price their products on the basis of their historical loss experience, which is driven by their own portfolio selection and its performance. Key external environment changes often go unnoticed or are not effectively incorporated in risk assessment as insurers often prioritize on reconciling multiple internal reporting systems. With our team´s deep experience in analytics, especially around identifying and modeling relevant external changes through new data sources or with a fresh perspective on oft-used data sources, we help insurers bridge that gap.
It cannot have come at a better time. The insurance industry is at the tipping point of a revolution- newer, fast moving risks and newer, larger troves of data that help articulate those risks. We help you transform those data points into better risks and sharper models.
Because, old ways will not open new doors.