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5 Key Takeaways for Insurance Pricing Actuaries in 2023

  • Pricing

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.

 

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