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Bupa Acıbadem Builds Artificial Intelligence Based Pricing System with Lumnion


Bupa Acıbadem Builds Artificial Intelligence Based Pricing System with Lumnion

Bupa Acıbadem Sigorta and Lumnion launched a collaboration to improve Bupa Acıbadem Sigorta's pricing process through Lumnion's AI-driven Non-Life

Pricing platform.

Lumnion, an expert in the field of insurance pricing, especially in machine learning modeling, will support BupaAcıbadem, which was founded in 1992 and is the only company in Turkey specialized only in health insurance, in the development of the pricing process through its AI-driven platform.

Cenk Tabakoğlu, CEO of Lumnion, said: "We are delighted to support Bupa Acıbadem Insurance in developing its pricing processes using Lumnion's AI-based platform. Health insurance is undergoing a significant transformation due to the increasing costs of healthcare services, the competitive environment, and changing regulations. Health insurance is the area where next-generation modeling tools are most needed. With the growth of portfolios, the importance of accurate pricing in this area is emerging even more rapidly. Machine learning algorithms are beneficial in revealing these relationships, especially in the sector where data is abundant, and mapping the relationships between disease, treatment, and hospital networks is very important in risk management. As Lumnion, it is essential for us to become the leading actuarial platform in healthcare worldwide.

Yasemin Albayrak, CAO of Bupa AcıbademSigorta, said: "Bupa Acıbadem Sigorta specializes in health insurance and brings Bupa's global vision and experience to our country. Implementing innovations in integrated health services is among our main priorities. As an important reflection of this, we focus on offering the best to our customers with innovative processes and systems with a focus on digital transformation and carrying our sector forward. We are very pleased to cooperate with Lumnion, an expert in the field, to implement a new generation pricing system supported by advanced technologies. We strongly believe that this artificial intelligence and machine learning-based system will strengthen our efforts to help our customers live longer, healthier, and happier lives."

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