Unveiling the power of live pricing
A must-have for insurers to address pricing competition and increased regulatory scrunity
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In personal lines markets, insurers grapple with tough price competition and increased regulatory requirements (e.g. GIPP in the UK, EIOPA’s supervisory statement on differential pricing). The former challenge necessitates close monitoring of trading performance and frequent timely pricing interventions while the latter requires the pricing process to be transparent, auditable and well governed. On both fronts, the design of the pricing ecosystem and in particular the selection of a pricing engine is critical in tackling these challenges. A modern rating engine with live pricing capability could prove to be an indispensable asset.
What you can expect
- What is live pricing?
- How to integrate and deploy pricing models?
- Adoption of live pricing across Europe
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