Improving Pricing

Major UK reinsurer
  • Presented number of ideas for improving critical illness
  • Worked-up 3 ideas preferred by client
  • One idea required improving pricing
    – identified new pricing parameters
    – allowing for practical collection of information
    – researched effect of new parameters
    – sourced external data
    – supported client to review its own data
  • Result: New pricing approach reinsurer is considering launching 2009