MavenBlue - Enterprise Pricing Management (EPM)
Type of system
- Analytics
- Data management
- Internal/external reporting
- Portfolio analysis/hedging
- Pricing
- Pricing for non-life insurance
Type of platform
- Cloud
- SaaS
- Web-based
Other features
- Non-Life Pricing Solution
Has the product an open API? Yes / No?
The application definitely has a robust API framework. However, if we do things right, the pricing models are embedded within the systems that require pricing i.e. policy admin systems.
What are the typical implementation costs for your product?
The implementation costs can vary. The application itself is based on an annual subscription. It's a SaaS application, so hosting and management is all done by MavenBlue. The key question is integration with distribution systems. The methodology of MavenBlue is very flexible. From experience the cost should be minimal, but validation of this point is important.
How long does your product take to implement on site?
The application is delivered as a SaaS solution. Hence access can be immediate. All you need is a web browser.
Please name companies that use the system/product
EPM has been a big success in the Netherlands but also outside the Netherlands. Customers include ASR, NN, Unive, ABN AMRO, Acies SME, Phoenix Specialty, Calma Specialty, The Philedelphia Contributionship and many more.
Product summary: Please summarise your product’s key points for re/insurers in no more than 100 words.
EPM has been designed to transform pricing processes. The goal is to create a short circular process that is self reinforcing. It has a unique design to embed pricing models directly into policy admin systems with it’s concept of rating artefacts. However, it also includes methodology to create a robust data model. In addition it operates an open modelling framework, enabling users to integrate existing pricing models into their core systems. Lastly, it harnesses advanced modelling techniques to boost the development of pricing models.