- Modeling of new business incomes:
- Evaluation of key drivers influencing policyholder’s conversions to insurance portfolio.
- GLM model development.
- Modeling of policyholders lapse rate:
- Evaluation of key drivers influencing policyholder’s lapse rate at anniversary.
- GLM model development.
- Development of price optimization tool for management of new business rate-book and sales incetives:
- Combining the policyholders probability of conversion to insurance portfolio with risk valuation (profitability) in one optimization tool which maximizes premium volume with given limits of profits.
- Solution P&L impact evaluation.
- Development of price optimization tool for management of renewal offers:
- Combining the policyholders probability of lapse rate with risk valuation (profitability) in one optimization tool which maximizes profit with given limits of lapse rate.
- Solution P&L impact evaluation.