Presentation

Navigating the complexities of Insurance Pricing: Modeling, Climate Risks & Large Losses 

At SOAT’s 2024 Forum on November 5th at the S31 Sukhumvit Hotel in Bangkok, Mederick Besarabov, Senior Manager of Pricing & Data Analytics for P&C, presented a morning conference on The complexities of Insurance Pricing: Modeling, Climate Risks & Large Losses

P&C underwriting: Large losses, climate risks & modeling

The conference covered key topics, including:

  • The key challenges and methodologies in P&C insurance pricing, focusing on the integration of advanced modeling techniques to predict frequency, severity, and the occurrence of large losses.
  • The transition from pure to commercial premiums
  • The use of data for more precise predictions
  • The role of regulatory compliance in shaping pricing strategies.

Special attention was given to the influence of climate risks and the need to model extreme events, while addressing the latest industry trends.

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Overview of topics covered in the presentation:

  • Pricing issues.
  • P&C underwriting: taking severe claims into account.
  • Insurance, climate and regulatory developments: impact on
    modeling.

  • The impact of tariff sophistication.
  • Managing risk drift and uncertainty.

A content written by:

Mederick BESARABOV

Senior Manager, Pricing & Data Analytics P&C

About SOAT Non-Life Insurance Forum 2024

The 2024 Non-Life Insurance Forum, hosted by the Society of Actuaries Thailand (SOAT), focused on “Navigating the complexities of Insurance Pricing: PML, Sensitivity, and Regulatory Compliance.”The event brought together actuaries and experts from the non-life, property & casualty (P&C) insurance sectors, along with professionals from regulatory bodies, consultancies, and financial institutions. 

Attendees gained insights into the latest trends to tackle pricing challenges and enhance operations in a dynamic market.

Addactis and its partner Blue Venture Actuarial joined the 2024 SOAT Non-Life Insurance Forum in Bangkok on November 5th.

About addactis®

addactis®, the Risktech for Insurance, is a leading B2B SaaS provider that offers compliance and risk management solutions for insurers. Founded in 1993, we deliver cutting-edge software and consulting services to over 250 customers in more than 45 countries. Our technological innovations are designed to align with regulatory requirements and enhance profitability and underwriting proficiency for insurers on a global scale. Our solutions streamline and fluidify processes to facilitate actuarial dialogue between technical and marketing, sales, finance and IT departments.

From Regulatory to Profitability, our range of solutions covers Risk & Solvency assessment, Data Analytics, Reserving, Data Management, Tasks Automation, Business Intelligence, Reporting, etc.