This course helps participants develop a deeper understanding of what goes into pricing a risk. The session looks at risk factors and risk management which affect insurance premium. The course includes an interactive practical case study in which delegates will use multipliers and premium rates to calculate premiums for different risks.
Practical Risk Pricing
- Risk appetite, perils & hazards
- Law of large numbers
- Risk management
- Discounts & loadings
- Practical premium calculations
- Pricing case study interactive exercises