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2024 Akur8 Sponsored Webinar: The Art of Rating Plans: Strategies & Exotic Ideas

Description

Constructing effective rating plans is a nuanced process, encompassing considerations ranging from model integration, regulatory filings, to systems programming. This presentation aims to shed light on these vital aspects, while also venturing into less conventional concepts like overlays and separate rating for new business versus renewal business and other exotic ideas. Our discussion aims to offer comprehensive insights into the creation of successful rating plans, illuminating the intricacies of this critical process in the world of insurance and outlining the most desirable properties of a good rating plan.

Learning Objectives:

  1. Analyze key considerations like model integration and regulatory filings in rating plan development.
  2. Evaluate unconventional concepts such as overlays and separate ratings for new versus renewal business.
  3. Synthesize insights into coherent strategies for developing or enhancing rating plans in insurance domains.
This will be a 1 hour presentation with 30 minutes for Q&A.

Contributors

  • Max Martinelli

    Max Martinelli is an Actuarial Data Scientist for Akur8. He has more than 9 years of experience in actuarial and data science roles, working primarily in predictive modeling for P&C insurance. He has a background in machine learning and computational mathematics. When he isn’t helping Akur8 clients get the most out of their data, he can be found working on STEM projects with his sons.

  • Jan Küthe

    Jan Küthe is an Actuary (DAV) from Germany and works at Akur8 as an Actuarial Data Scientist to help insurance companies unlock the potentials of the twenty-first century. Before that he worked as an Actuarial Consultant for three years. He holds a Masters degree in Mathematics from the University of Bonn and is an avid reader of the books of Anna Seghers and Dietmar Dath.

July 9, 2024
Tue 12:00 PM EDT

Duration 1H 0M

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