25/07/2017
Non-Life insurance is facing many challenges ranging from fierce
competition on the market or evolution in the distribution channel
used by the consumers to evolution of the regulatory
environment.
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? What's the impact of the claims history of my
policyholder on its expected risk? In which segment are we
profitable and in which are we not profitable?
Competition: At
what price will we attract the segments that we target and price
out those that we do not want? Is the positioning of our
competitors influencing our pricing practice and our profitability?
What's my position with respect to my competitors in term of
pricing? What are the segments in which I am well positioned and
the segments where I am not well positioned?
Elasticity: What
price (evolution) are our existing customers prepared to accept?
Does the sensitivity to price evolution depend on the profile of my
customer?
Segmentation: Is
our segmentation granular enough for our purposes?
If you want to find answers to these questions, our seminar
"Advanced Non-Life Pricing & Profitability Analysis: Modern
Techniques with R Applications" on 26/27 October 2017 in
Madrid is perfect for you!
The early-bird registration fee for the seminar is € 790.00
plus 21% VAT and valid until 26 August 2017. After this date
the fee will be € 970.00 plus 21% VAT.
The seminar is developed for non-life actuaries or statisticians
but also for managers working in product development or risk
management departments. It is designed as a follow-up workshop to
the EAA seminars "Introduction to Non-Life Pricing" held in the
last years. Participation to this introductory seminar is not a
prerequisite but participants should have basic knowledge of
non-life pricing (especially of Generalized Linear Models). A short
introduction will be performed to recall the key messages of the
introductory seminar.
You may find all additional information in this print version as
well as on our website where you
will find the registration form. An overview on other upcoming
events can be downloaded as
well.
If you have any questions, please do not hesitate to contact
us.
Best regards and we hope to be able to welcome you onsite.
Susanne Kade
Event Coordinator/Executive Assistant
EAA - European Actuarial Academy GmbH
Hohenstaufenring 47 - 51
50674 Cologne
GERMANY
Phone +49 221 912554-342
Fax +49 221 912554-9341
www.actuarial-academy.com