Product pricing

Irrespective of whether insurers operate under industry-wide tariffs or in a free market, it is essential for individual companies to understand the true cost (or price) of the risks they underwrite, and adopt a deliberate pricing strategy.

Our consultants assist both insurers and governmental bodies to:

• Understand the risk profile, profit pools and hence the “break-even” premium rates for different segments within the portfolio
• Determine industry-wide motor premium tariff’s
• Implement points rating systems for individual insurers to assist them in pricing risks in a simplistic and efficient way
• Make use of a wide range of rating factors to determine premium rates, ensuring statistically optimal, yet practical, pricing structures