Dear Sir or Madam,
We would like to draw your attention to the new EAA seminar
"Non-Life Pricing: Introduction to Practical Implementation
of Modern Techniques in R"on 26/27 November 2015
inParis.The aim of this seminar is to present the
actuarial/statistical techniques used in non-life pricing. It is a
strong introduction to these techniques and will be followed in the
next few months by an advanced seminar of the EAA.
Non-Life insurance is facing a lot of challenges ranging from
fierce competition on the market or evolution in the distribution
channel used by the consumers to evolution of the regulatory
environment (Solvency II, IFRS…).
Pricing is the central link between solvency, profitability and
market shares (volume). Improving pricing practice encompasses
several dimensions:
· Technical: is
our pricing adequate to cover the underlying cost of risk of my
policyholders and the other costs we are facing? Which are the key
variables driving the risk? Are they adequately taken into account
in our pricing?
- Competition: at what price will we attract the segments that we
target and price out those that we don't want? Is the positioning
of our competitors influencing our pricing practice?
- Elasticity: what (new) price are our existing customers
prepared to accept?
- Segmentation: is our segmentation granular enough for our
purposes?
The seminar will alternate between methodological concepts,
practical examples and case studies in order to ensure a
comprehensive understanding of the techniques. Participants will
have the opportunity to apply in the R software concepts they will
have learned in the theoretical sessions, using fictitious data.
They will adjust GLM models, understand how results should be
interpreted, perform statistical (significance) tests, etc.
Examples will be provided for standard lines of business (e.g. MTPL
and Fire).
On the basis of a realistic database, the participants will have
to propose an appropriate pricing structure taking into account the
characteristics of the portfolio and possibly marketing
constraints. The seminar will start with a half day introduction to
R so that no specific knowledge of this software is required.
The seminar is specially developed for non-life actuaries or
statisticians working in product development or risk management
departments. Interested participants can benefit from anattractive
early-birdoffer which is € 790.00 plus 20 % VATuntil 28 September
2015.After this date the fee will be € 970.00 plus 20% VAT.
Please find additional information attached
and on our website
incl. an
online registration form. An overview on upcoming events is
enclosed as well.
We are looking forward to your registration. Please do not
hesitate to contact us, if you have any questions.
Best regards
Desirée Usejnovski
Event Coordinator/Executive Assistant
EAA - European Actuarial Academy GmbH
Hohenstaufenring 47 - 51
50674 Cologne
GERMANY
Phone +49 221 912554-342
Fax +49 221 912554-9342
www.actuarial-academy.com
