Data engineering solutions for faster pricing and risk analysis in insurance
21/08/2025

Data engineering solutions for faster pricing and risk analysis in insurance

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Overview

A leading insurance company faced challenges with a legacy pricing and risk analysis system that was rigid, error-prone, and slow to adapt. Most pricing logic was embedded in the database layer, making updates cumbersome and hindering timely business decisions.

Peruzzi Solutions implemented a data engineering-driven modernisation, enabling the company to dynamically configure pricing rules, streamline workflows, and accelerate time-to-market for new contracts.

Client background

The client is a major insurance provider with complex pricing and contract modeling needs. Their legacy system required manual database code changes for any updates, creating operational bottlenecks and slowing decision-making.

Problem

  • Inflexible legacy system: Hard-coded pricing rules made changes slow and risky.
  • Operational inefficiencies: Manual updates led to errors and delays.
  • Limited agility: Slow reaction to market changes hindered strategic decisions.

The company needed a flexible, scalable, and automated solution to modernize pricing workflows and support faster, data-driven decision-making.

Solution

To modernise the client’s pricing and risk analysis system, we implemented a data engineering-driven solution that combined flexibility, automation, and scalability:

  • Dynamic rules engine: Developed a centralised library that enables actuaries and risk modellers to create, modify, and manage pricing structures dynamically, completely eliminating the need for manual code changes.
  • Data integration & transformation: Ingested both structured and unstructured data into Azure SQL Database and Azure Blob Storage, with automated ETL pipelines ensuring that pricing models always work with clean, up-to-date, and consistent data.
  • Scalable & automated architecture: Deployed containerised workloads on Azure Kubernetes Services for elastic scaling, and used Azure Functions and Logic Apps to automate workflows, orchestrate data processes, and schedule recurring tasks efficiently.
  • Future-ready AI integration: Incorporated Azure Cognitive Services to support potential AI-driven enhancements, enabling advanced analytics and intelligent pricing insights as the system evolves.

Impact

Operational efficiency: Streamlined contract modelling and pricing workflows, eliminating manual bottlenecks.

Faster time-to-market: Dynamic rule adjustments allow launch of new contracts without code changes.

Empowered teams: Actuaries and risk modellers can quickly test and iterate pricing models.

Scalable & maintainable: Modern architecture supports growing data volumes and business needs.

Conclusion

This project demonstrates how data engineering solutions can transform legacy financial systems into flexible, scalable, and efficient platforms. By modernising their pricing and risk analysis workflow, the client gained agility, reduced errors, and accelerated business decisions, proving that data engineering is a direct driver of business value.