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.
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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|