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ABACUS is a powerful machine learning-driven tool designed to optimize the pricing and rating workflows of insurance companies, effortlessly integrating with both legacy and external systems
The Pricing Engine, used by actuaries, enhances traditional generalized linear models (GLMs) with advanced ML algorithms. This enables richer risk factor analysis, captures complex, nonlinear dependencies, and unlocks finer risk segmentation for superior personalization
The Rating Engine, used by underwriters, automates deployment of new pricing rules—such as loadings, discounts, taxes, and caps—minimizing manual configuration and completely removing IT setup dependencies
