Publications
Using Machine Learning Techniques to Enhance Predictive Models
Posted: May 23rd, 2011, Filed under: General Insurance Seminar, Seminars
Risk Equalisation 2020 – Is the current system sustainable?
Since the 1950s, private health insurance (PHI) has needed a form of risk equalisation to support community rating. With the risk equalisation pool continuing to grow faster than total hospital payments, the longevity of the current arrangements is unclear. This article examines the sustainability of the current risk equalisation arrangements.
Posted: May 22nd, 2011, Filed under: Institute of Actuaries of Australia Biennial Convention, Seminars
Commercial Lines Pricing Seminar 2011 – Getting the best out of NCPD
Estelle Pearson and Alice Huang presented to the Finity Commercial Lines seminar on 4 May on the National Claims and Policy Database for liability and professional indemnity insurance business. While identifying some of its limitations and ways in which some of these shortcomings might be addressed, they found a considerable amount of useful analysis that can be undertaken and suggested this is an area that the industry as a whole might wish to address with APRA. This is a copy of the presentation slides.
Posted: May 5th, 2011, Filed under: Commercial Lines Pricing Seminar, Seminars
Commercial Lines Pricing Seminar 2011 – Challenges in pricing for natural perils in commercial property
Tim Andrews, a commercial pricing practitioner with Finity Consulting, presented to the Finity Commercial Lines seminar on 4 May on the recent experience of commercial property insurance arising from natural perils, identification of short and long term cycles and the potential for an industry study for commercial property to follow on from a recent one on the impact of natural perils in home insurance. This is a copy of the presentation slides.
Posted: May 5th, 2011, Filed under: Commercial Lines Pricing Seminar, Seminars
Commercial Lines Pricing Seminar 2011 – The good, the bad and the ugly – techniques for portfolio segmentation
Nelson Henwood, head of Finity Consulting’s pricing practice, presented to the Finity Commercial Lines seminar on 4 May on the challenges of portfolio segmentation for commercial lines insurances. He provided a machine based learning approach, several examples, some cautionary tales on data and some potential applications. This is a copy of the presentation slides.
Posted: May 5th, 2011, Filed under: Commercial Lines Pricing Seminar, Seminars
Commercial Lines Pricing Seminar 2011 – State of the commercial lines market and outlook – a broker’s perspective
Stephen Lardner, Director – Broking Operations of Aon Risk Services Australia, presented to the Finity Commercial Lines seminar on 4 May on the market and outlook for commercial lines insurances from a broker perspective. This is a copy of the presentation slides. Finity is grateful to Stephen and Aon Risk Services for their participation in our seminar.
Posted: May 5th, 2011, Filed under: Commercial Lines Pricing Seminar, Seminars
Commercial Lines Pricing Seminar 2011 – Commercial lines market – performance and outlook
Estelle Pearson, managing director of Finity Consulting, presented to the Finity Commercial Lines seminar on 4 May on the profit performance and outlook for commercial lines insurances. This is a copy of the presentation slides.
Posted: May 5th, 2011, Filed under: Commercial Lines Pricing Seminar, Seminars
External Data – The Red Bull of Analytics
John Yick, a principal of the Finity’s pricing practice, presented at the Finity Personal Lines Pricing Seminar 2012. In this presentation he demonstrated the importance and relevance of external data sources, illustrating how its inclusion can improve the predictive power of models. This is a copy of the presentation slides.
Posted: May 3rd, 2011, Filed under: Personal Lines Pricing Seminar 2012, Seminars
CTP New – Autumn 2011
This edition of the CTP news covers: Some initial thoughts on the National Injury Insurance Scheme proposed by the Productivity Commission and its implications for motor vehicle accident schemes NSW and Queensland CTP premium rate movements Funding Ratio movements for centrally-funded schemes The latest on attendant care rates.
Posted: May 1st, 2011, Filed under: Newsletters
Risk Appetite – Finding the Right Balance
In recent months APRA have increased their attention on risk management, aiming to improve the industry’s performance n this are. One specific area of focus is each insurer’s risk appetite.
Furthermore, many insurers are reviewing their Risk Management Framework (RMF), including risk appetite, in light of testing events such as the Global Financial Crisis (or GFC, where most losses arose in areas other than Australian general insurance) and unprecedented locan and offshore natural catastrophes.
In this article we share some thoughts based on our experiences, describing how insurers might tackle this tricky subject and clearly state how much risk (and which types) are suitable for them.
Posted: April 30th, 2011, Filed under: Topical Features, Newsletters
