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