Sponsored by hyperexponential

The 2024 State of Pricing report, based on a comprehensive survey of more than 300 actuaries and underwriters, offers an in-depth analysis of the critical challenges and opportunities facing specialty and commercial insurers.

Following the inaugural report in 2023, which revealed that 89% of UK respondents believed their pricing technology needed improvement, and fewer than one in five described their pricing processes as data-driven, the 2024 findings highlight the key issues impeding progress in the industry. The report outlines the essential requirements for achieving meaningful pricing transformation.

Key topics covered include:

• Why pricing processes are broken
• The state of operational inefficiency
• AI and machine learning for insurance
• Collaboration between underwriters and actuaries

Target audience and assumed knowledge level: A high-level talk which should be of interest to all actuaries.

Speaker and company: Tom Chamberlain and Jamie Wilson, hyperexponential