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?
The aim of this web session is to present some advanced
actuarial/statistical techniques used in non-life pricing or
underwriting. The web session focuses on selected practical
problems faced by pricing actuaries and product managers.
Take advantage of our early-bird registration fee of € 975.00
(net) + VAT (if applicable) for bookings made by 24 February 2025.
After this date, the standard fee will be € 1,270.00 (net) + VAT
(if applicable). The applicable VAT rate will be determined based
on your billing address.
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