As price comparison sites are used more widely, competition in the insurance industry increases. To keep-up, many organisations are experimenting with real-time pricing and the use of machine learning algorithms to improve the estimation of risk and customer price sensitivity, but how will that change the industry?
- Will customer loyalty be harder to obtain when premiums are compared in real time?
- How can we avoid a price war? How can insurers identify and keep their most profitable customers and avoid underwriting customers that are higher risk?
- Could personalised premiums be the future of the industry? If so, what new data types will insurers need?
- How will regulation support or impact the use of such data use for personal pricing?
These are the questions we aim to tackle in this webinar.
This webinar is delivered in partnership with
|Roger Dix, Chief Risk Officer, Wesleyan Assurance Society
|Ketil Kristensen, Senior Advisor Insurance Sector, SAS Institute
|Thabile Nyaba, Chief Risk Officer, Old Mutual Insure
|Joseph Lu, Longevity Science Director, Chair of IFoA Mortality Research Steering Committee, Legal & General