IFoA Middle East Conference 2024: Exploring the future of general insurance pricing in the Middle East

Amidst a dynamic landscape influenced by factors like inflation, shifting regulations, and competitive pressures, general insurance pricing continues to evolve, presenting intriguing opportunities for actuaries.

This session presents an insightful session tailored for the Middle East insurance markets. It delves into the exciting prospects shaping the future of general insurance pricing.

Among other topics, the talk covers:

real-time portfolio monitoring: stay ahead of the curve by leveraging cutting-edge techniques to monitor risk outliers seamlessly

machine learning applications: discover how machine learning algorithms can revolutionise non-risk models, from predicting propensity-to-buy to clustering vehicle brands for targeted segmentation strategies

AI-assisted modelling: overcome resource constraints without compromising regulatory compliance; explore the integration of AI-assisted functionalities into traditional GLM/GAM modelling processes for enhanced efficiency

Dawid Kopczyk and Mikołaj Skraburski, Quantee