Closed Loop Continuous Learning with TIBCO: Dynamic Online Pricing

Dynamic pricing software has traditionally been dominated by a few specialist vendors that provide black-box point solutions. These solutions are slow to react to market trends, regulations, and the increasing volume and sophistication of underlying data.

This is especially true in the insurance space, where companies are looking for ways to transform, differentiate, and compete. As quotes and premiums have moved online to self-service, systems for dynamic pricing have garnered much interest.

In this technical case study, we describe a TIBCO approach to such a dynamic pricing system developed and deployed at the Automobile Association of Ireland. This solution includes:

  • Configurations for price optimization and customer acquisition and retention
  • Price elasticity data and modeling whereby acceptance may be modeled as a function of price

Success with TIBCO:

3 Months

Time to learn Spotfire and develop the first analysis model

9 Months

ROI payback time


development weeks for faster credit card approval

10 to 12

Minutes to get credit card preapproval

2 days

Credit card delivery, down from 1 to 2 weeks

Download Case Study

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