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Sabancı Ventures has invested in Lumnion

Lumnion is an Insurtech company that develops state of the art Non-Life Insurance Pricing Platforms using Artificial Intelligence & Machine Learning.

Founded in 2017, the company already works with leading companies of the sector such as Allianz, Aksigorta, HDI, Ageas, Magdeburger, Quick, Eureko and Avivasa.

Company’s modular platform allows insurers to model risk using all widely available ML algorithms, make simulations for optimizing results of commercial decisions, manage day to day street pricing, and also take pricing to a more personal level through its behavioral optimization capability. Lumnion has also pioneered in developing its own methodology for translating black box ML algorithms’ outputs into transparent, easy to understand results.

Lumnion has been recently named as the TOP 100 Insurtech companies to watch in 2021, by the DIA Community.