Pricing Game 2022
Pricing Game 2022
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The addactis® Pricing Game: Bringing Theory & Practice Together
Together with our partner Badri Management Consultancy, we present you the addactis® Pricing Game!
This event is primarily designed for actuarial professionals from KSA.
The Pricing Game is a competition-based activity that engages academics and practitioners in solving a real-life actuarial problem. Participants have to build an end-to-end pricing project to find the best solution to the problem.
This event will be held in person in Riyadh, KSA. Due to limited capacity, a confirmation email will be sent to you to confirm your place.
Day 1 | Kick-off, Introduction and Launch of the Pricing Game
Part 1: Kick-off
09:00 – 09:40
- – Presentation of the event and agenda
- – Presentation of Addactis mission and range of solutions
- – Context of the KSA market
- – Motivation and objectives of the Pricing Game
Part 2: Introduction, experience with GLMs, review
09:40 – 11:00
- – Why do we need GLMs? What do we know so far from different markets?
– Why is it more beneficial for the bottom line to implement a more segmented pricing?
– Specificities in the KSA motor insurance market (regulation, rating factors, data)
– Benchmark KSA Badri
Part 3: Practical aspects and launch of the Pricing Game
11:20 – 13:00
- – Presentation of the Pricing Game and addactis® Pricing
– Policies and claims information analysis
– Data structure and modeling requirements
– Data segmentation
– Large claim analysis - – Frequency, severity and pure premium analysis
– Time consistency
– Univariate analysis, detection of interactions, and correlations
– Pre-modeling data treatment
Pricing Game Setup – interactive session
14:00 – 16:00
- – Data segmentation
– Large claim analysis
– Frequency, severity and pure premium analysis
– Time consistency
– Univariate analysis, detection of interactions, and correlations
– Pre-modeling data treatment
Day 2 | GLM modeling, Premium consolidation & Loss projection, Model selection and Delivery of results
Part 1: GLM modeling (interactive session)
09:00 – 11:00
- – How to read GLM outputs in Pricing
– Review of exponential family and multiplicative structure
– Interactive modeling session with Addactis® Pricing
Part 2: Premium consolidation & Loss projection
11:20 – 13:00
- – Rating structures consolidation: projection assumptions and premium formulas
– Reporting: Plan performance and dislocation analysis
– Performance metrics
– Overall Pricing process review
Part 3: Model selection & delivery of results
14:00 – 16:00
- – Introduction to Price Optimization
– Rating strategy selection
– Delivery of results
Our Solution
We lead you to success, increasing the global value chain of your Pricing process.
Even if you will benefit from the full support of our teams to help you get up and run, addactis® Pricing will make of you an expert in less than 6 months.
addactis® Pricing has been designed to embed all the best practices and methods in pricing so that this expertise can be transferred to your teams.
The more they use addactis® Pricing, the more your actuarial teams enrich their know-how and experience.
The event has passed!
A huge thank you to our 40 participants, representing 21 different companies from KSA, facing the biggest pricing challenges in the industry in the KSA region.
Congratulation to the team “Beta” for winning this Pricing Game: they achieved the highest underwriting profits without compromising portfolio retention!
Our Speakers
Juan Ignacio de OYARBIDE
Consultant, Pricing Expert at addactis®
Hatim Maskawala
Managing Director Badri Management Consultancy
