How Insurers translate Business Strategy into Real-time Decisions – Greater Confidence in a Very Uncertain World

Historically insurance companies may have conducted limited scenario testing when introducing new pricing structures before implementation. However, insurers today struggle to efficiently run and test business model simulations that require multiple components (ie. pricing algorithms, underwriting rules and market behavior) to more completely understand the impact of strategy changes on their books of business. Insurers need to be more agile in these uncertain times. If you are just hopeful when you make changes today, learn how FICO can give you greater confidence that you will actually achieve your strategic goals.

This webinar discusses:

• Why scenario testing and simulation is valuable from a financial metric, growth, and stability perspective.
• How different parts of the organization derive value from scenario testing in different ways.
• An example high-level scenario – based on a very successful insurer’s case study – and the business results derived.

Speakers:
Scott Horwitz, Sr Principal Consultant, Financial Services, FICO
Libin Varghese, Principal Consultant, Decision Management, FICO