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!
ABN AMRO
6.793 - 9.704
Senior
Amstelveen
As a Senior Data & AI Strategy Advisor at ABN AMRO ontwikkel je de bankbrede Data & AI-strategie, stuurt complexe initiatieven op het snijvlak van data, AI en regelgeving, en...
PGGM
4.653 - 6.647
Medior
Zeist
Als Data Engineer (Snowflake & Dbt) – Data Science & AI Producten bij PGGM ontwerp, bouw en schaal je managed data producten op Snowflake met dbt, borg je datamodellering, datakwaliteit,...
ING
8.827 - 13.969
Senior
Amsterdam
As a Head of Liquidity Management & Money Markets - Group Treasury at ING, you lead liquidity and short-term funding, oversee cash/nostro/intraday flows, translate LCR/NSFR into operations, manage stress readiness,...
ING
6.500 - 10.389
Senior
Amsterdam
As a Business Analyst | Financial Markets – New Products at ING, you translate business needs into Finance requirements, coordinate front-to-end initiatives, analyse data and processes, support backlog and testing,...