Accurate pricing is necessary to achieve a perfect balance of profitability and competitiveness. Actuarial 360 Solutions LLC has extensive experience pricing various life insurance products.
Below is a list of some of the services that we offer related to pricing:
- Pricing & profit testing products considering several profit measures (IRR, Profit Margins, New Business strains, Breakeven years etc.).
- Pricing & profit testing using Statutory, Market Consistent & IFRS frameworks.
- Actuarial support for rate filings.
- Dynamic & stochastic pricing.
- Determining Value of New Business (VNB).
- Analyzing competitor product designs and rates to aid in product development.
- Development of conceptual product designs for product development.
