2022 Webinar - How Actuaries Can Create a Pricing Framework Using Next Generation Technologies - June 21

This presentation will share ideas on how actuaries can create a pricing framework using next generation technologies. First, we will compare and contrast existing pricing frameworks leveraging common analytics software such as Excel and Access/PowerBI to cloud-based solutions.

These existing frameworks have challenges with documentation and oversight/controls that newer solutions can facilitate, enhancing compliance with ASOPS 41 (Actuarial Communications), 53 (Estimating Future Costs) and 56 (Modeling).

We will review several approaches that actuaries can adopt, providing a deep dive into one or two case studies showing processes actuaries can adopt within their teams, as well as, the technology they can leverage to set up a pricing framework that allows them to move with greater agility without sacrificing robust controls and oversight.

Learning Objectives:
Following this session, participants should be able to:
● Apply Actuarial Standards of Practice 41, 53, and 56 to modern pricing frameworks.
● Understand how next-generation technology can enable the pricing process transformation
● Apply best practices to their own organizations in order to unlock value along the pricing process

Caption Disclaimer
CAS provides closed captioning generated by software applications for the convenience of viewers. CAS does not review for accuracy of the information that appears in a closed caption, and such information (including any foreign language translation and transcription displayed in a closed caption) may not be relied upon as an accurate or complete record of CAS programming. CAS makes no representations or warranties, and expressly disclaim any responsibility or liability with respect to, any errors or omissions in, or the accuracy, reliability, timeliness or completeness of, any information that appears in a closed caption.