Actuarial Pricing Models and Methods: The Complete Guide

Actuarial Pricing Models and Methods: The Complete Guide

Insurance pricing is a delicate balance. Price too high, and you lose customers. Price too low, and your portfolio becomes unsustainable. Sitting at the heart of this balance are actuarial pricing models and pricing methods – powerful tools that allow insurers...
Understanding Reinsurance: A Beginner’s Guide

Understanding Reinsurance: A Beginner’s Guide

Reinsurance is a cornerstone of the global insurance market, yet for those new to the industry, it can seem a complex and opaque topic. In this beginner’s guide, we break it down clearly – what it is, how it works, and why it matters – so you can better...
What Is the Expected Loss Cost of an Insurance Policy?

What Is the Expected Loss Cost of an Insurance Policy?

Pricing an insurance policy is a delicate balance. Insurers must set a premium that is high enough to cover claims, expenses and profits, yet competitive enough to attract policyholders. But how can an insurer price a policy before knowing how much they will actually...
Practical Solutions to Common Insurance Pricing Pitfalls

Practical Solutions to Common Insurance Pricing Pitfalls

Insurance pricing is often a delicate balancing act. If premiums are too high, insurers risk losing business to competitors. If they are set them too low, then they may struggle to cover the cost of claims – leading to financial instability. The challenge lies...
What Is the Main Goal of Insurance Pricing?

What Is the Main Goal of Insurance Pricing?

Insurance pricing is the cornerstone of the insurance industry, balancing the need for fairness, profitability and financial security. At its core, the process involves analysing risk, calculating premiums and ensuring that the collected funds are sufficient to cover...