econometrie-vacature.nl
Background
Nieuws

Price it right – how to optimise a portfolio's pricing strategy

Price it right – how to optimise a portfolio's pricing strategy

Nieuws
01-02-2024
Yiannis Parizas discusses a holistic approach to optimising a portfolio’s pricing strategy.

Pricing strategies are pivotal in insurance, particularly in personal lines. With so many quotes, policies and claims to consider, insurance companies must continuously refine and innovate their approaches. 

Pricing optimisation involves finding the most suitable price for a product or service in order to maximise revenue and profit. 

It entails analysing multiple factors, such as market demand, competition, production costs and customer behaviour, to identify the most effective pricing strategy. The aim is to strike a balance that optimises value for business and customer. 

During the pricing process, we evaluate the cost and likelihood of selling a product at various price points. The product of these factors represents expected profit. The price is then set at the point at which we anticipate achieving maximum targets. This concept is depicted in Figure 1, where a smoothly declining demand curve is shown in green.

Lees verder op: The Actuary

Gerelateerde vacatures

Geïnteresseerd in een carrière bij organisaties in ditzelfde vakgebied? Bekijk hieronder de gerelateerde vacatures en vind de perfecte match voor jou!
Bitvavo
Marktconform
Senior
Amsterdam
As a Data Science Manager at Bitvavo, you will lead a team of Data Scientists to provide actionable insights and develop intelligent solutions. You'll drive data projects, build models and...
Adyen
Marktconform
Medior
Amsterdam
As a Compliance AML Analytics Expert at Adyen, you oversee and improve the global transaction monitoring framework, advise and challenge teams on AML analytics, draft procedures/model documentation, support product risk...
Top vacature
Achmea
4.149 - 5.697
Medior, Senior
Apeldoorn
Als Pricing Actuaris Schade Particulieren bij Achmea modelleer en kalibreer je risicopremies, maak je rendementsanalyses, monitor je financiële resultaten, beoordeel je commerciële tarieven en stel je AoC’s (Analysis of Change)...
KPMG
3.245 - 3.965
Junior
Amstelveen
Als Junior Hybrid Data Specialist AI & data bij ons team overbrug je de kloof tussen AI, data science en big data engineering. Je lost complexe problemen op door AI...