Retail insurance pricing flow: where prediction meets business

Duration: 60 minutes

Projecting the costs of claims an insurer can expect in the future forms the basis for solid pricing of P&C portfolios. The results of this technical exercise are price changes which very accurately reflect a customer's risk. But how does an existing customer react to such price changes? And how do competitors' prices influence a potential customer? This online seminar looks into the analytical possibility to model such aspects, and reflects on how the respective models interact with models projecting costs of claims.

• Overview of behavioural modelling
  
• Modelling customers’ behaviour using machine learning (link to online seminar AI/ML)
  
• Principles of competitive market analysis
  
• How to implement technical results into business
  

All Level

• Pricing department
• Data Science / Analytics department

English – Professional business English skills required

12 October 2020