Content from James Lynch
James Lynch, FCAS MAAA, is Chief Actuary and Vice President of Research and Information Services at the Insurance Information Institute. He joined the I.I.I. in 2014. He has more than 20 years of experience in property/casualty insurance, including executive positions at QBE the Americas and White Mountains Reinsurance of America. He is a fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries. Before working in insurance, Lynch was a journalist, spending seven years at The Miami Herald. Reach him at jamesl@iii.org.
Not All ‘Optimization’ Is Price Optimization; Allstate’s CGR Proves It
"The purpose of price optimization is to extract as much profit as possible from policyholders, who are often required to purchase insurance policies," according to a February 2015 press release from ...
An Accident of the Rating Process: Allstate’s Cure Explained
In Part 1 of this article series, I described cost-based pricing used by actuaries, which includes business judgment—introducing differences between the technical price indication for a book of ...