The life insurance industry's approach to pricing needs modernizing. Most companies we talk to are dealing with slow, outdated tools that limit strategic thinking and paint an incomplete picture of the effect pricing has on key growth measures. With these outdated systems, many life insurers have:

• Slow, outdated pricing and competitor analysis 

• Limited insights and infrequent pricing leaving money on the table

• No competitive data monitoring

Our customers use Montoux to become market leaders in their pricing tools and processes. This capability elevates:

• Re-pricing exercises
• Pricing reviews and monitoring
• Competitor analysis
• Understanding price / sales sensitivities
• Understanding price / lapse sensitivities
• New product pricing
• Campaign analysis
  

In addition to a drastic improvement in process efficiency, our customers’ investment in modernization directly impacts business outcomes like:

• Highly detailed pricing and competitor intelligence
• Improved pricing outcomes for new business and retention scenarios
• More effective campaigns for new business and retention
• More effective discounts
• Reduced risk
• Improved accuracy
• A market leading actuarial function