With decreasing loss frequencies in motor insurance less data becomes available for pricing actuaries. At the same time pricing should become more dynamic and better individualised. Telematics is a source of data, in the meantime widely used by insurance companies in and outside of Europe. With this data more interconnection with clients is possible and new product ideas arise. But for actuaries these rich data mostly is condensed into a score which is not necessarily intended for actuarial purposes.
This web session will first give an overview of current practices of applications of telematics in Europe and outside of Europe. Then best practices in pricing with telematics will be discussed and that leads to an actuarial discussion about the inclusion of big telematics data into the actuarial data-pool. We will close with some innovative actuarial approaches and solutions.
Your early-bird registration fee is € 200.00 plus 19% VAT for bookings by 18 January 2023. After this date, the fee will be € 270.00 plus 19% VAT.
