How Open GI’s dynamic pricing tool allows brokers to win more business.
![Black and white illustrated man, with both arms up in the air with thumbs up. There's a yellow coin with a pound sign in the middle, above the man's head.](https://opengi.co.uk/wp-content/uploads/2024/08/DPT.png)
Mobius’ Dynamic Pricing Tool, or DPT for short, is part of Mobius’ ever-growing ecosystem of products designed to eke out every possible opportunity for the modern-day broker. We get it, times are tough, and you need to win better business, the customers you want to do business with. DPT allows you to strategically align your pricing and commissions to incentivise your ideal customers and referral partners to pick you over your competition.
Define and Manage Your Own Rules
With Mobius DPT you can write new business, mid-term adjustment or renewal rules for your lines of business using risk and quotation data from Mobius with several rule outcomes, including decline, refer and adjust/set premiums and commissions.
Adjust Premiums and Commissions
You have the flexibility to discount or load the net or gross premiums by a set percentage or amount (£). Likewise with commissions you can apply load or discount options based on percentages or amount (£) on various sources; broker, brand, agent and introducer.
Test and Adjust
Setting the rules assigned to single or multiple insurance products when published will affect the quote coming from the Mobius PAS. You can also seamlessly import the rules set and tested in your test environment into your live environment once you are satisfied everything is setup to your liking.
Data. Data. Data
You can easily analyse how the DPT solution has impacted live and past quotes, allowing you to analyse when DPT has affected the quote and whether this has affected your competitive edge, winning your more and better-quality business.
SaaS and SSO
As with all Mobius products, Mobius DPT is a SaaS-based solution meaning it is always up to date with multiple releases and updates delivered daily. It’s also ultra-secure and accessible from anywhere and integrates seamlessly with the Mobius PAS, no need for your IT team to get involved in time intensive and costly setups. If you’re already a Mobius PAS user, you’ll automatically be logged into DPT with Single Sign-On technology.
But What Does It All Mean?
If you want to decline drivers with criminal convictions to protect your reputation and minimise potential claims, this rule can be set and managed all through DPT.
Likewise, should you want to accept drivers who have at fault claims but want to load their premiums by 20% to offset the risk, not a problem – set this rule with ease using DPT.
And if you wish to reward a successful referral with a financial amount, say a local garage you have a relationship with refers you for motor insurance you can set a rule that they automatically earn £20 for every referral.
Get It Done with Mobius and DPT
The Mobius ecosystem is growing with DPT. And the ecosystem will continue to grow over the coming months and years with constant enhancements, such as AI, and additions to the platform developed by Open GI. Mobius is the most advanced broking software on the market, and coupled with the power of dynamic pricing, there’s no limit to the impact this game-changing team up could have on your business.