Tag: risk-based 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 […]

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 […]

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 […]

How Dodd-Frank Hurts the Poor | Bloomberg

How Dodd-Frank Hurts the Poor | Bloomberg

Think of any old newspaper. Every day, or every week, it prints up some sheets of paper covered with recent news and advertising, and sells those papers to consumers. Its revenue comes from both the consumers who buy the papers, and the advertisers who pay the papers to display their copy to those readers. Economists […]

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 […]

FCA orders Admiral to contact customers over renewal pricing blunder | Insurance Times

FCA orders Admiral to contact customers over renewal pricing blunder | Insurance Times

In a statement today the regulator said: “Admiral has agreed with the FCA to contact affected customers who renewed their policies after 1 April 2017, who may have received inaccurate information. “The FCA is currently assessing firms’ implementation of these rules to ensure that firms are giving customers clear and fair disclosure on their renewal […]

The Race to Find the Next Insurance Credit Score (or How, Maybe, to Reinvent P/C Insurance Pricing) | Insurance Blog

The Race to Find the Next Insurance Credit Score (or How, Maybe, to Reinvent P/C Insurance Pricing) | Insurance Blog

The race is on to find the next insurance credit score—and the winners (if there are winners) will gain a pricing (and underwriting) edge. There are only two requirements to enter in this race. You have to forget about all the kinds of data and information that insurers have been using to price and underwrite […]

Insurers now pricing more accurately, thanks to IoT | Insurance Business

Insurers now pricing more accurately, thanks to IoT | Insurance Business

Thanks to technologies related to the Internet of Things (IoT), assumptions and bases for pricing are now changing. “As new IoT technologies increasingly move into the mainstream, insurers are able to collect and analyse data to more accurately price premiums, helping them to protect the assets they insure and enabling more efficient assessment of damages […]

Deposit insurance in India: Why risk-based pricing model must be introduced | The Financial Express

Deposit insurance in India: Why risk-based pricing model must be introduced | The Financial Express

The global financial crisis underscored the importance of having a robust deposit insurance system (DIS) for the banking system across the world. A 2014 IMF paper estimated that nearly 112 countries (59% of 189 countries covered in the study) had a DIS. It was in 2008, that Australia and New Zealand introduced guarantees for the […]

Pricing News Daily > 11/21/14

Pricing News Daily > 11/21/14

Pricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals. This Edition is Sponsored by: Strategic Pricing Associates SPA is the leading provider of pricing analytics to 100′s of complex companies of all types: manufacturing, distribution, equipment, […]