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Insured, we respond to you by email at claims.support@wakam.com or by phone at +33 1 86 76 73 13.

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Pricing Engine via API

Thanks to API models, Wakam offers innovative pricing models to make your products unique

Advanced and agile pricing model
at the core of our business

We use data intelligence and existing product feedback to calculate product price. In particular, we have partnered with Akur8, an insurance pricing solution powered by machine learning, which uses AI to improve our pricing processes by automating the modeling system.

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  1. API GetPrice: use your own adjustable pricing

    To keep control on pricing and to have a clear overview of the risk in real time, we employ our pricing APIs for each new quote and sale. You can set the distributor’s commission as well as your own commission in the API call.
    We enable our partners to easily integrate different kinds of commercial discounts.

  2. API GetPolicy: build predictive models

    Integrate our API to report policy and benefit from detailed actuarial analysis and insights.
    Post analysis we are able to quickly adapt the price to improve the product performance depending on your market and model.

  3. Good to know...

    Data science allows us to refine our pricing proposition so it balances growth and profitability objectives. Monitor the product results in real time via dashboards on our portal.

What are the benefits?

  • Stay ahead of the market

    Through real-time dynamic pricing

  • Get flexible tactical price management

  • Better integration of pricing value chain

    Through proper handling of renewal pricing and mid-term adjustments

Interested?

Customize your insurance product in a few clicks!

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