Pricing and Reserving - Two Sides of the Same Coin?


Reserving and Pricing should be like yin and yang, one cannot exist without the other (at least not in an actively trading, going-concern) and although at first glance there appears to be a clear division between the two, threads of each run through the other. A huge amount of time and energy in pricing teams goes into getting the shape of prices right, seeking evermore data items and increasing the number and complexity of statistical models used to interrogate this growing mass of data.

The risk of delaying GMP equalisation

Smaller pension schemes delaying GMP equalisation may face rising costs, transaction delays and growing scrutiny as industry capacity pressures intensify. Guaranteed Minimum Pension equalisation has been on the pensions industry agenda for years, yet for many small and medium-sized schemes it remains stubbornly stuck on the ‘to-do’ list. Not because trustees do not understand its importance, or because sponsors are unwilling to engage.

Insurance Pricing in Motion

There is a quiet but growing tension in actuarial pricing for insurance today. Most teams would agree that the external environment has become more volatile - economically, geopolitically, operationally. Yet many pricing processes still move at a cadence designed for a more stable world. The result is a widening gap between the risk being priced and the assumptions underpinning it. Put bluntly: if pricing is updated too slowly, insurers are often reacting to yesterday’s risk.

Specialty Insurance’s Tipping Point

 

Lifestyle Actuary

Dalriada Trustees Limited (Dalriada), one of the largest providers of professional trustee services to pensions schemes in the UK, has today announced the appointment of Sarah Brough as a professional trustee.

Lights Camera Actuary

For the next few months Zoe Bolton will be talking to the senior actuaries in these firms, getting a brief insight into their career paths and visions for the future. This month Zoe interviews Shil Patel the UK Managing Director at Dynamo Analytics

Travelling Actuary

This month's Travelling Actuary takes us to the iconic Boston to experience New England at it’s very best.

Site Search

Exact   Any  

Latest Actuarial Jobs

Digital Magazine

LATEST EDITION - OUT NOW

Actuarial Post's Digital Magazine Issue 175
 
WITH LIFE INSURANCE AND AI, MIND THE PERFORMANCE GAP
 
Click the image above to view. Click here to receive your future copies of our monthly magazine

Author Companies

Actuarial Jobs & News Feeds

Jobs RSS News RSS