The Fully Automated Ratemaking Process
The insurance industry has been heavily investing in process innovations – straight through underwriting, image capture claims, customer service chatbots. But what about the process of ratemaking; what is our next innovation? What if we could full automate the pricing process?
In this session we will take a futuristic look into the automated pricing process and will dive deeper into:
- What it will take to create the fully automated pricing process
- Data management, statistical modeling, rate filing, rate deployment, performance monitoring and other tools
- Process automation in conjunction with machine learning and other statistical techniques
- Understand if the futuristic model of a fully automated rating engine could become a reality within our careers.