慕尼黑再保险 各种条件下财产和意外伤害保险定价的需求和弹性建模.pdf

1、Image:William Patin/allroundMEDIADemand&elasticity modelling for P&C insurance pricing under various conditionsThibault Imbert28 August 2024AgendaAugust 2024Singapore Actuarial Conference 2024201Introduction02Business applications03Data gathering04Critical elements in demand model developmentImage:W

2、illiam Patin/allroundMEDIAIntroduction1Singapore Actuarial Conference 2024Customers shop around for affordable insurance quotesSends a quote requestPotential customerInsurerProvides a quote with a price tagQuote accepted?0/1Employ advanced algorithms and methodologies to develop the most precise log

3、istic regression model for the responseAugust 20244Quote requestDigital channels facilitate effortless comparison of multiple quotesPotential customerInsurerQuoteQuote accepted?0/1Price Comparison Website#1#2#3Things to consider1321What/how to model?2Influence of the price?3What is the market doing?

4、August 2024Singapore Actuarial Conference 20245Other insurersQuotes6August 2024Singapore Actuarial Conference 2024QuoteDeclinedUnderwritten PolicyMid-term cancellationStill in ForceRetentionChurnProduct 1Product 3Product 2TIMEConversionRate ModelMidterm CancellationRate ModelRetentionRate ModelCross

5、-SellRate ModelBefore contract signinge.g.1st of FebruaryStart of the terme.g.1st of AprilMidterme.g.1st of OctoberEnd of the terme.g.31st of MarchDemand models enable insurers to analyse customer purchasing behaviour across different price levelsDemand models in focus for this talkImage:William Pat

6、in/allroundMEDIABusiness applications28August 2024Singapore Actuarial Conference 2024Practical applications of demand models provide valuable solutions for diverse business challengesConversion ModelNew BusinessQuote DataCustomerInsightsUnderstanding customer demand to a product at a particular pric