Why is Price Optimisation Difficult?

2024-07-01T11:11:19+00:00June 27th, 2024|Blog, Uncategorized|

Understanding how to price risk without market visibility is always a challenge.

Underwriters need to consider hundreds of enriched factors when setting rates, not to mention claims, commissions, administration and taxes to name but a few. All to derive a suitable rate to win business while remaining profitable.

Broker pricing is just as precarious with narrowing commissions […]