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AXA Tianping Partners with Akur8 to Strengthen Pricing Process

Leading foreign P&C insurer in China harnesses the power of AI to accelerate digital transformation. PARIS& SHANGHAI, China AXA Tianping Property& Casualty Insurance Co., Ltd., one of China's largest and most diversified P&C insurers, and Akur8, an AI-driven insurance pricing technology company, are delighted to announce their collaboration to further. ....

France General , Samuel Falmagne , Anne Laure Klein , Tianping Property Casualty Insurance Co Ltd , Insurance Information Technology Management , Artificial Intelligence , Chief Pricing Officer , Chief Actuary , Commercial Lines , China Banking , Insurance Brand , Annual Finance Summit , International General Insurer , Insurance Asia , Joint Venture , Fortune Global , Machine Learning ,

How to Build a Value-Based Pricing Culture


How to Build a Value-Based Pricing Culture
Moving to a value-based pricing approach begins by creating a culture for it internally. Here s a 10-step roadmap to do so.
Jan 22nd, 2021
iStock
Every distributor believes that they have a unique product and service combination and can serve customers better than their competition. If that’s true, why do distributors still rely on cost-plus pricing and market-based approaches, which can leave up to 450 basis points of margin on the table?
The pricing method a distributor selects is a primary reason for missed margin opportunities. Cost-plus and market-based pricing may be the most widely used pricing philosophies, but their rudimentary approaches typically result in massive margin leakage. Cost-plus pricing accounts for product cost and applies a standard gross margin to all products. Market-based pricing, which is quite popular among the sales force, conservatively prices close to the competition with the goal of s ....

Pradip Krishnadevarajan , Pradip Krishnadevarajanobserve , Your Team , Chief Value Officer , Chief Profitability Officer , Chief Pricing Officer , Price Cube Based , உங்கள் அணி , தலைமை மதிப்பு அதிகாரி , தலைமை ப்ராஃபிடபிலிடீ அதிகாரி , தலைமை ப்ரைஸிஂக் அதிகாரி , ப்ரைஸ் கன அடிப்படையிலானது ,