On The Actuary* September issue, our team had the opportunity to share the addactis® Pricing Game experience with the actuarial community. In this article, our Pricing business Developer Juan Ignacio de Oyarbide explains the main approaches of the participating teams and some reflections on the Saudi motor insurance market. Discover how Addactis creates pricing game
Special thanks to all the participants of this Pricing Game and our partner Badri Management Consultancy.
One relevant lesson from the competition is that multivariate models are fundamental to computing more precise risk-adjusted premiums, but
they are not sufficient to succeed in a competitive market. Pricing practitioners should guide decision-makers to achieve the insurer’s specific profitability and sales targets.
Check our related contents
How to create the right Pricing Game for your actuarial team?
Pricing Game is a competition-based activity that engages participants in solving a real-life #ctuarial problem.
Read the article and find out the benefits of organizing a Pricing Game for your actuarial teams!
The Top 6 Myths of Non-Life Pricing Insurance
The experience we have gained over the last 25 years during our numerous missions around the world has enabled us to understand and respond to the many beliefs surrounding pricing. We have selected 6 Myths around pricing, which seem strangely persistent and widespread within all types of non-life insurance companies.
Discover the addactis® Pricing solution
P&C or Life & Health pricing and underwriting, price optimization, data analytics, profit testing, digital marketing…
Discover the areas and needs covered by our addactis® Pricing solution!
* The Actuary Magazine is published on behalf of the Institute and Faculty of Actuaries by Redactive Publishing Limited.
www.theactuary.com – Read the full September issue: www.theactuary.com/issues/2022/08/september-2022