Neova Sigorta to transform insurance pricing with AI | PR Newswire [Video]

Insurer will modernize and grow its customer base with machine learning-based premium pricing, ensuring fairness and transparency with SAS; Sade Software and Consultancy to implement

, /PRNewswire/ — Turkish insurer Neova Sigorta, in collaboration with data and AI company SAS and SAS Partner Sade Software & Consultancy, has launched an initiative to offer better auto insurance premium prices to up to 95% of its customers. The project, among the first of its kind in the Turkish market, will use artificial intelligence in the form of advanced machine learning (ML) to optimize how it prices auto insurance. This advancement is projected to save Neova Sigorta’s customers money – and decrease overhead costs for the insurer.

“Neova Sigorta has launched an initiative to offer better auto insurance premium prices to up to 95% of its customers.”

Neova Sigorta selected SAS^® Dynamic Actuarial Modeling, a pricing solution with AI-based premium modeling for general and life insurers, as …