EAA Web Session: "Demand Modelling, Price Optimisation – Techniques, Ethics, Impact"

Einleitung/Dauer

Modelling Demand, that is probability of a client purchasing a product as a function of the offered price, provides critical insights into customer behaviour. It allows for more accurate predictions and better management of an insurance portfolio. Additionally, it enables Price Optimization, that is adjusting premiums to maximize profit while adhering to business strategy and ethical or regulatory constraints. This session will cover various aspects of those two topics.

Vorgehensweise und Ziele

This session will cover various aspects of behavioural pricing, including:

In this online training attendees are given a comprehensive overview of the pricing process, highlighting the strategic role of price optimisation. The session delves into the construction of demand models, emphasizing their benefits in predicting customer behaviour. Participants learn about the mechanics of price optimisation and its significant value and impact on business outcomes. The web session also addresses important ethical and regulatory considerations to ensure responsible pricing strategies. The event concludes with a survey and an interactive Q&A session, allowing for participant engagement and feedback.

Teilnehmer

The web session is open to all interested persons working within the insurance industry, with a particular focus on pricing managers and pricing actuaries interested in advancing sophistication of their pricing process.
Preliminary knowledge in pricing practices is helpful, but not a prerequisite.

Technical Requirements
Please check with your IT department if your firewall and computer settings support web session participation (the programme Zoom will be used for this online training). Please also make sure to join the web session with a stable internet connection.

Dozierende

Piotr Lebiedź
Piotr is a pricing actuary with 5+ years of experience currently working as a Pricing Consultant at Quantee. His main responsibility is supporting pricing leaders in achieving their business goals with Quantee pricing software. Piotr passionately advocates for the next-generation approach to insurance pricing.

Jakub Osękowski
Jakub has multiple years of experience in development of actuarial tools, mainly internal models for British insurance companies. His role as a Research Lead at Quantee entails research and development of new solutions, one of them being a price optimisation algorithm.

Sprache/Kurztitel

The language of the web session will be English.