In an increasingly competitive market, with insurers dealing with economic and regulatory constraints, it has never been more important to focus on pricing and profitability. Our actuarial and financial expertise enables us to support our customers in the design and pricing of new products.

Risk Institute has considerable experience of pricing across a broad range of classes and territories for insurance business. In additional to our technical and commercial expertise, we have an extensive knowledge of prevailing and emerging market issues.

We offer a full range of actuarial pricing services, including:

• Technical pricing expertise and solutions;
• Building exposure curves tailored to the business;
• Recommended enhancements to exposure management (for example, revision to aggregate deductibles, reinstatements, etc.);
• Secondments to fill resource gaps;
• Independent peer reviews of individual risks;
• Benchmarking clients’ technical pricing practices;
• Actuarial reviews of the pricing function and underwriting processes.

 Product development

In order to develop competitive insurance product, we help you to design the rates, rules and forms. We can assist your organization’s expansion into new lines of business, jurisdictions and/or distribution channels.

Our experts evaluate your position in relation to your competition using a database of several hundred thousand industry form filings. Our insurance product design experts understand key competitive prospective of the market and present you clear opportunities for success.

We monitor industry trends, regulatory changes and new product concepts to foster your organization’s ongoing profitability and competitive growth.