ACTOMATE
ACTUARIAL PRICING
Our actuarial pricing solution is designed to help businesses develop sustainable and competitive pricing strategies that drive higher sales and business growth.
We provide experienced actuarial resources to support companies in pricing new products, repricing existing products, and ensuring alignment with business objectives and market conditions. We can provide all or most actuarial work for companies without adequate resources to support its pricing initiatives.
Our approach combines actuarial expertise with a flexible working model where we can perform our work using a combination of our proprietary pricing model and existing infrastructure of your company.
pricing assumptions
experience analysis and review
develop key pricing assumptions
perform ratemaking
assumption benchmarking and justification
develop assumption setting framework
analyse claim drivers
trend analysis
pricing and product documentation
develop and propose premium or contribution rates
profit testing iterations with cash flow model
sensitivity testing and analysis
product risk management
identify product’s key inherent risks
prepare product documentation for internal approval and regulatory filing
develop or review actuarial-related contents in sales illustration, marketing brochure, policy contract, and product disclosure sheet
pricing review
review and audit pricing processes
identify pain points and propose pricing process improvements
review and audit pricing model
enhance pricing model
pricing model validation and independent peer review
pricing governance framework assessment
PRACTICE LEADER
