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Europe’s Big Bang on Pricing

Pricing
Governance and Compliance

European insurers face a big bang moment in their pricing. The European Insurance Occupational Pensions Authority (EIOPA) recommended in March 2023 a ban on price walking – the practice of increasing premiums on renewals based on non-risk factors.

European insurers will need best-in-class pricing systems that can adapt quickly to the volatile and unpredictable market that will follow.

This white paper looks at the UK experience with price walking regulations, and applies the lessons learned in order to guide European insurers as they adapt their strategies, practices, staffing and technology to survive and thrive in this new world.

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