Insurance Post in association with WNS will host a live webinar on 20 July to explore the future of pricing and how leveraging data and technology can generate actionable insights for pricing.

Description

Insurance organisations nee to develop new ways of pricing if they want to remain competitive in today’s market. Accessing the right skill sets at the right price is a key challenge, which has driven actuarial pricing functions of insurance organisations to seek additional support to meet their business needs.

The Financial Conduct Authority’s final report on its market study into general insurance pricing practices proposes a number of reforms to ensure fair value for customers. Insurance organisations will need to adapt to these new rules by adopting different pricing techniques to ensure customers are satisfied and to drive profitable growth.

While data enables insurers to make pricing decisions, governing data across siloed databases and technology is a key challenge. It is vital organisations can process and analyse large amounts of varied data and sources to generate build a better risk profile of customers, while ensuring the combine operating ratio or the projected loss ratios are adhered to. Insurance Post in association with WNS will explore the future of pricing and how leveraging data and technology can generate actionable insights for pricing.

Speakers