The future of pricing - how can insurers use data and technology to remain competitive?

Insurance organisations need to develop new ways of pricing if they want to remain competitive in today’s market. But whilst data enables insurers to make the most informed pricing decisions; governing and processing this data across siloed databases and platforms remains a stiff challenge. 

As is the need to adapt to new rules and regulations such as FCA review into GI pricing practices; and employ and nurture the right skills to succeed.

In this recent interactive webinar Insurance Post in association with WNS an expert panel explored how leveraging data and technology can generate actionable insights for pricing.

Among the questions discussed are:

• How can a mix of actuarial pricing, machine learning and advanced analytics capabilities change the way a firm creates their pricing models?
• How can different pricing techniques ensure fair value to customers, while complying with the new FCA rules on general insurance pricing practices?
• How can technology be a tool for insurers to remain competitive and maximise profits?
• How do you enable information sharing and workflow mechanism between pricing and the underwriting?
• How can insurers use both internal and external data to make pricing decision?

Joining us for the discussion are:

Garima Gupta, Senior vice president, business transformation - analytics & data science, WNS Global Services

Ian Hilder, Chief Actuary, Dual Group

Tim Pitt, Global head of pricing, QBE Insurance

Annarita Roscino, Head of predictive analytics, Zurich

 

To watch the webinar click here

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