Non-Life

Center of Excellence

The Non-Life Center of Excellence offers cutting edge expertise in methods, tools and models for Non-Life insurance companies (reserving, pricing, DFA models), combined with a deep knowledge of market best practices, acquired via our various assignments and surveys.
Aside from our assignments, we also propose advanced trainings and tools.

Competences


Product development and Pricing
  • New product design and market benchmarking
  • A priori/a posteriori pricing and geographical ratemaking (technical tariff)
  • Policyholder behavior modelling
  • Commercial price settings and pricing optimization
Reserving
  • Run-off triangles methods: traditional techniques, inflation modelling
  • Individual methods: GLM, machine learning
  • Testing, expert judgment and validation
  • Support for closing or process improvement
Actuarial function support or outsourcing


Non-life dynamic financial analysis (DFA) models developments and validation
  • IFRS 17: gap analysis, evolution of reserving practices, PAA
  • Solvency II: Best Estimate, standard formula or (partial) internal model SCR,…
  • Testing, expert judgment and validation
  • Reinsurance optimization
Management dashboards and key performance indicators for decision-making


Recent Assignments



Pricing model in Motor Insurance

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Validation of premium risk partial internal model

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Undertaking specific parameters application

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Segmented price increase


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Premium risk model using timeseries

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Actuarial function in non-life insurance

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Dependency modeling and testing

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Advanced tarification in motor tariff review

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Training on advanced non-life pricing practice

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Training on non-life concepts

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Training on non-life ratemaking with SAS

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Interested in knowing more about this Center of Excellence?

Contact Michaël Lecuivre, Head of Non-Life