Skip to main content

GBMs: The Real Impact of a Rate Change

2022 Webinar - GBMs: The Real Impact of a Rate Change - November 3

Prior to a rate change implementation, it is common for pricing actuaries, product managers and other insurance leaders to compare various rate scenarios and choose the one that best aligns with business objectives and regulatory considerations. However, to fully understand the impact of a rate change on a book of business, customer demand should be considered. This session will demonstrate how GBMs can be used to incorporate customer demand into a rate change decision-making framework.

This will be a dynamic and interactive session where the audience will be able to provide guidance on model design and rate impact selection to see how all these pieces fit together.

Learning Objectives:

  1. Understand the basics of GBMs.
  2. Understand the variables one might consider when comparing rate change scenarios.
  3. Understand how demand considerations can be incorporated into the rate change decision-making process through the use of GBMs.

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.