Deterministic pricing with full audit trail
Condition and valuation data flow into our deterministic pricing engine. The output: H&M and P&I premiums where every variable is named, weighted, and timestamped.
The problem
Manual pricing
Marine premiums are calculated manually using spreadsheets and institutional knowledge. The process is slow, opaque, and inconsistent.
No audit trail
When a premium is challenged, there is no systematic way to explain how the number was derived.
3-6 week binding cycles
The time from submission to bound policy stretches weeks. Every delay is a competitive risk.
How it works
Data aggregation
Condition scores, valuation output, and vessel metadata are assembled into the pricing input.
Variable weighting
12+ risk variables are named, scored, and weighted according to the pricing model.
Premium calculation
The deterministic engine generates H&M and P&I premiums. Same inputs, same output, every time.
Audit documentation
Every variable, weight, and data source is timestamped and stored for full regulatory audit trail.
Key capabilities
Deterministic output
Same inputs always produce same premium
12+ risk variables
Named, weighted, and timestamped
H&M and P&I
Hull & Machinery and Protection & Indemnity coverage
Full audit trail
Every calculation step documented and stored
Regulatory ready
Output meets regulatory documentation requirements
Real-time pricing
Premium generated in minutes, not weeks
Related services
Frequently asked questions
- What is deterministic pricing?
- Deterministic pricing means every variable is named, every weight is documented, and every calculation step is traceable. The same inputs always produce the same premium. Unlike probabilistic ML models, deterministic engines can fully explain their output to regulators and reinsurers.
- What risk variables does the premium engine consider?
- The engine weighs 12+ variables including vessel condition score, age, type, trading area, claims history, regulatory compliance status, and coverage scope. Each variable is timestamped and stored for audit.
- How fast are premiums generated?
- From verified condition data to calculated H&M and P&I premiums, the process takes minutes. Traditional manual pricing takes 3 to 6 weeks from submission to quote.
Ready to see it in action?
Whether you are an insurer, broker, or marina operator — Nudos plugs into your workflow.
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