As we sit here in early 2023, the only certainty in the macro environment continues to be uncertainty. At Earnix, we see five key trends and resulting measures that insurance pricing actuaries need to consider today:
Inflation appears to have peaked, but shows no signs of returning to predictability
Customer retention requires keeping an eye on inflation and pricing, but also demands a level of personalization
Pricing and underwriting must be tied more closely together than ever
Pricing models must be up to date
Actuaries must monitor changes in the market
This eBook examines each of these topics and makes recommendations for practical and timely upgrades that carriers can make to their technology infrastructure and software applications.