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EAA Seminar "Non-Life Pricing: Introduction to Practical Implementation of Modern Techniques in R" on 26/27 November 2015 in Paris, FranceFeed RSS

Corsi di Formazione - 18/09/2015

Dear Sir or Madam,

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 inParis.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.

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…).

Pricing is the central link between solvency, profitability and market shares (volume). Improving pricing practice encompasses several dimensions:

·         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?

  • Competition: at what price will we attract the segments that we target and price out those that we don't want? Is the positioning of our competitors influencing our pricing practice?
  • Elasticity: what (new) price are our existing customers prepared to accept?
  • Segmentation: is our segmentation granular enough for our purposes?

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).

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.

The seminar is specially developed for non-life actuaries or statisticians working in product development or risk management departments. Interested participants can benefit from anattractive early-birdoffer which is € 790.00 plus 20 % VATuntil 28 September 2015.After this date the fee will be € 970.00 plus 20% VAT.

Please find additional information attached and on our website incl. an online registration form. An overview on upcoming events is enclosed as well.

We are looking forward to your registration. Please do not hesitate to contact us, if you have any questions.

Best regards

Desirée Usejnovski
Event Coordinator/Executive Assistant

EAA - European Actuarial Academy GmbH
Hohenstaufenring 47 - 51
50674 Cologne
Phone +49 221 912554-342
Fax +49 221 912554-9342