Dynamic pricing for insurance business

Project Task

It is necessary to customize the formation of the optimal cost of the mortgage insurance product, taking into account the prices of competitors.

About Project

To solve the problem, we determined the way in which the price of mortgage insurance is formed.

The optimal price is set according to the profit optimization problem. To determine the profit, we used a formula that takes into account the probability of buying a mortgage insurance policy, loss ratio, expected frequency of an insured event, and others.

Stages of work

Areas of use

This case study will be of interest to insurance and finance companies to determine the optimal cost of products.

Project team

Alexander Shch.
Lead analyst
Frank Sh.
Python, SQL
Team leader
Project management, analytics
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