Tag: Insurance Pricing

The C-Suite Challenges of a Trade Finance Bank | Finextra

The C-Suite Challenges of a Trade Finance Bank | Finextra

Over the last two year, globally we have seen a drop in revenues from trade finance from USD 41 billion to USD 36 billion. Banks not only need to look at ways of driving deeper wallet share of the large corporate client’s business but also look to grow its business from MSMEs and SMEs. With […]

A proactive approach to working with regulators | PropertyCasualty360

A proactive approach to working with regulators | PropertyCasualty360

The relationship between insurers and regulators has always been challenging. This is true for any number of reasons, some of which are understandable given the nature of the roles that regulators perform, and the sheer number of requirements across the U.S. For instance, an approach to policy pricing that’s approved by regulators in one state […]

Healthcare spending, price growth slows in 2017 but job growth spikes | Healthcare Finance News

Healthcare spending, price growth slows in 2017 but job growth spikes | Healthcare Finance News

Healthcare spending growth slowed in 2016, and the trend appears to be continuing, according to the August 2017 Altarum Institute Center Health Sector Trend report. According to the report, spending grew by only 4.6 percent in 2016 and estimates based on new data have the downward trend continuing with growth for the first half of […]

Farmers Insurance asks court to block state review of auto rates and a possible refund order | LA Times

Farmers Insurance asks court to block state review of auto rates and a possible refund order | LA Times

The roots of the Farmers case are quite different, but ultimately involve the issue of whether the commissioner can order a retroactive rate cut or otherwise tinker with already approved rates. The case started with a 2015 lawsuit brought by Farmers customers who alleged that the company had been illegally charging some customers more than […]

How can insurers assess risks for new emerging products | Actuarial Post

How can insurers assess risks for new emerging products | Actuarial Post

A dynamic approach to risk pricing To meet the rapidly evolving risk transfer needs and expectations of businesses and consumers today, insurers must develop dynamic insurance products that react to real-time information about risk. Using AI and alternative data sources like the web, insurers can not only understand new areas of risk – they can […]

Predictive Analytics in Insurance | Actuarial Post

Predictive Analytics in Insurance | Actuarial Post

2 – Take a strategic approach to deployment Implementation of predictive models is arguably one of the biggest hurdles within the whole process. During this phase, the models are integrated with existing systems. The best thing to do is take a strategic approach by starting deployment with a system that will make the output easy […]

Low-cost demands spurring managed futures evolution | Pensions & Investments

Low-cost demands spurring managed futures evolution | Pensions & Investments

Demand for lower fees and customization is pushing the small cadre of institutional systematic trend-followers to offer more affordable versions of their flagship strategies. Competition for institutional investor assets is fierce in the managed futures market — widely accepted as the most commoditized in the hedge fund industry — with intense price competition between old-school […]

NY Regulators Call on Insurers to Reveal Data Sources | InsuranceNewsNet

NY Regulators Call on Insurers to Reveal Data Sources | InsuranceNewsNet

As accessibility to data grows and data volumes multiply, insurance companies want to harness that data to be able to issue policies faster and at prices that reflect the risk companies bear when issuing a life policy. Simplified underwriting, which avoids invasive blood and urine samples, allow insurers to issue life insurance policies in a […]

Insurance industry ‘struggling to be more agile:’ analytics summit speaker | Canadian Underwriter

Insurance industry ‘struggling to be more agile:’ analytics summit speaker | Canadian Underwriter

The third panelist, Travelers Canada chief actuary Erika Schurr, suggested regulation sometimes gets in the way of being more customer-centric. “Sometimes we want to do something what’s best for a customer and the regulator stops,” said Schurr. “Think of something like price optimization. You don’t like your increase to your Rogers bill? You can call […]

Insulin is too expensive for many of my patients. It doesn’t have to be. | The Washington Post

Insulin is too expensive for many of my patients. It doesn’t have to be. | The Washington Post

A recent paper in the Journal of the American Medical Association found that insulin nearly tripled in cost from 2002 to 2013. A lawsuit filed in January accuses pharmaceutical companies of price collusion for allegedly raising insulin prices repeatedly and in lockstep to match their competitors. Prices have gotten so bad that the American Diabetes Association recently launched an […]