We would like to draw your attention to the new EAA seminar „Non-Life Pricing: Introduction to Practical Implementation of Modern Techniques in R” on 26\/27 November 2015 in Paris. The aim of this seminar is to present the actuarial\/statistical techniques used in non-life pricing. It is a strong introduction to these techniques and will be followed in the next few months by an advanced seminar of the EAA.<\/p>\n
Non-Life insurance is facing a lot of challenges ranging from fierce competition on the market or evolution in the distribution channel used by the consumers to evolution of the regulatory environment (Solvency II, IFRS\u2026).<\/p>\n
Pricing is the central link between solvency, profitability and market shares (volume). Improving pricing practice encompasses several dimensions:<\/p>\n
\u00b7 Technical: is our pricing adequate to cover the underlying cost of risk of my policyholders and the other costs we are facing? Which are the key variables driving the risk? Are they adequately taken into account in our pricing?<\/p>\n
\u00b7 Competition: at what price will we attract the segments that we target and price out those that we don\u2019t want? Is the positioning of our competitors influencing our pricing practice?<\/p>\n
\u00b7 Elasticity: what (new) price are our existing customers prepared to accept?<\/p>\n
\u00b7 Segmentation: is our segmentation granular enough for our purposes?<\/p>\n
The seminar will alternate between methodological concepts, practical examples and case studies in order to ensure a comprehensive understanding of the techniques. Participants will have the opportunity to apply in the R software concepts they will have learned in the theoretical sessions, using fictitious data. They will adjust GLM models, understand how results should be interpreted, perform statistical (significance) tests, etc. Examples will be provided for standard lines of business (e.g. MTPL and Fire).<\/p>\n
On the basis of a realistic database, the participants will have to propose an appropriate pricing structure taking into account the characteristics of the portfolio and possibly marketing constraints. The seminar will start with a half day introduction to R so that no specific knowledge of this software is required.<\/p>\n
The seminar is specially developed for non-life actuaries or statisticians working in product development or risk management departments. Interested participants can benefit from an attractive early-bird offer which is \u20ac 790.00 plus 20 % VAT until 28 September 2015. After this date the fee will be \u20ac 970.00 plus 20% VAT.<\/p>\n
Please find additional information attached<\/a> and on our website<\/a> incl. an online registration form<\/a>. An overview on upcoming events is enclosed<\/a> as well.<\/p>\n","protected":false},"excerpt":{"rendered":" We would like to draw your attention to the new EAA seminar „Non-Life Pricing: Introduction to Practical Implementation of Modern Techniques in R” on 26\/27 November 2015 in Paris. The […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"http:\/\/actuary.hu\/weblap2\/wp-json\/wp\/v2\/posts\/1322"}],"collection":[{"href":"http:\/\/actuary.hu\/weblap2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/actuary.hu\/weblap2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/actuary.hu\/weblap2\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/actuary.hu\/weblap2\/wp-json\/wp\/v2\/comments?post=1322"}],"version-history":[{"count":3,"href":"http:\/\/actuary.hu\/weblap2\/wp-json\/wp\/v2\/posts\/1322\/revisions"}],"predecessor-version":[{"id":2301,"href":"http:\/\/actuary.hu\/weblap2\/wp-json\/wp\/v2\/posts\/1322\/revisions\/2301"}],"wp:attachment":[{"href":"http:\/\/actuary.hu\/weblap2\/wp-json\/wp\/v2\/media?parent=1322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/actuary.hu\/weblap2\/wp-json\/wp\/v2\/categories?post=1322"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/actuary.hu\/weblap2\/wp-json\/wp\/v2\/tags?post=1322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}