Description
Product Category : User Cases
Format : PDF
Real-Time Premium Adjustments for Fair and Responsive Pricing.
Dynamic pricing in insurance involves using AI to adjust premiums based on real-time data, such as market trends, weather conditions, and individual customer behavior. This allows insurers to offer more accurate and personalized pricing that reflects current risk levels. Machine learning algorithms continuously analyze data to fine-tune pricing models, ensuring competitive rates and maintaining profitability.
