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!
ASN Bank
3.933 - 5.244
Junior
Utrecht
Als Junior Data Engineer bij ASN Bank vertaal je toezichthouderseisen naar datamart-requirements, modelleer je data-entiteiten, laad en valideer je DWH/datamart-data, los je incidenten op en stem je af met business,...
Belastingdienst
4.024 - 6.110
Medior
Apeldoorn
Als Data scientist bij SSO F&MI beantwoord je HR- en bedrijfsvoeringsvraagstukken met statistiek en analytics: ruwe data omzetten naar prognoses, correlaties en heldere (visuele) rapportages, en opdrachtgevers adviseren binnen privacyrichtlijnen.
ING
5.486 - 8.828
Senior
Amsterdam
As a Senior Valuation Reporting Specialist at ING, you calculate, analyse and report monthly fair/prudent valuation adjustments, fair value hierarchy and Day One P&L deferrals, coordinate committee submissions, manage SOx/operational...
Triple A - Risk Finance
Marktconform
Medior
Amsterdam
Als Senior Consultant – Pensions bij Triple A - Risk Finance werk je aan uitdagende projecten en adviseer je werkgevers en pensioenfondsen bij de overgang naar het nieuwe pensioenstelsel. Je...