Ana Sigorta and Lumnion launched a collaboration to manage Ana Sigorta's pricing process through Lumnion's artificial intelligence-driven platform.
Ana Sigorta, one of Turkey's leading insurance companies, has partnered with Lumnion to develop and improve its pricing process. Lumnion, a reputable player in the insurance pricing market, will leverage its artificial intelligence-driven platform to assist Ana Sigorta in developing its pricing process. The platform aims to provide accessible solutions for all stakeholders, making machine learning and new technologies accessible in the insurance industry.
Cenk Tabakoğlu, CEO of Lumnion, expressed his delight in supporting Ana Sigorta's pricing process development with their end-to-end platform. The platform can connect to any core system, automating data preparation and using machine learning extensively for more accurate risk pricing, impact analysis, and dynamic pricing. The pricing platform is the only platform in the industry that can perform modeling in an algorithm called GLM, familiar to everyone, and all new advanced machine learning algorithms simultaneously. The results of these different machine-learning algorithms are transparent and available.
Lumnion understands the importance of digitalization processes for insurance companies in Turkey, and their objective is to increase insurance penetration in the sector by pricing the appropriate risk at the right price. Lumnion will work closely with Ana Sigorta to develop the insurance sector in line with this goal.
The collaboration between Ana Sigorta and Lumnion is a significant milestone for both companies. By leveraging Lumnion's AI-driven platform, Ana Sigorta will be able to streamline its pricing process and provide better services to its customers. Lumnion's extensive expertise in the insurance pricing market will also help Ana Sigorta stay ahead of its competitors.
The insurance industry in Turkey has seen significant growth in recent years, and this partnership between Ana Sigorta and Lumnion will help to drive this growth further. With machine learning and other advanced technologies, the insurance industry can provide better services to its customers and increase insurance penetration in the sector.