Tag: Pricing

Successful pricing and underwriting transformation mandates not just a vivid vision but the sustained momentum to actualise it. This transformation isn't a one-size-fits-all approach; it varies for each business. Yet, the goal remains consistent: refining the process of assessing and insuring risk.

A recent survey conducted by Coleman Parkes, on behalf of pricing decision intelligence leader hyperexponential, has unveiled the extensive dissatisfaction within the Specialty and Commercial insurance sectors regarding their current pricing and technology.

Lloyd’s recently released a 156 page document titled ‘Principles of Doing Business’, which outlines the responsibilities of all managing agents. To help companies quickly digest this and ensure they stay compliant, hyperexponential has released a report summarising the key takeaways.

The insurance space has been a hotbed of innovation over the past few years, but pricing might have been left out.