cost-based pricing Archives - Carrier Management

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 ...

About Those Rates: Why Allstate’s Rating Program May Not Be What It Seems

Actuaries occupy a quiet, arcane world, their debates obscure: Loss development factors: weighted vs. straight? Premium impact: parallelogram vs. extension of exposures? Reserve methods: chain ladder ...