Pricing Transformation

Actuarial transformation for growth, not just compliance.

The Actuarial Transformation 
Pyramid

For years, life insurers have only focused on the regulatory and compliance aspects of actuarial transformation, but there is so much more to gain. Pricing intelligence, customer retention and customer lifecycle management are all incredibly valuable areas of actuarial that also need to undergo a shift to adjust to the digital era.

Pricing is one area of actuarial that is ripe for transformation, with massive value-adding potential, and tools and processes that can be drastically improved today.

The four enablers of Pricing Transformation

The benefits of Pricing Transformation are huge, but many carriers still have substantial improvements to make to their tools and processes. Here are the key enablers: