"Why Go Spectral? Harnessing Spectral Pricing Rules in Strategic Portfolio Management" delves into the advantages of using spectral (SRM) pricing rules in insurance pricing and planning. Tailored for actuaries engaged in capital modeling, individual risk, reinsurance, and strategic planning, this presentation illustrates how SRM rules not only generalize traditional methods like CoXTVaR but also effectively address their limitations. Instead of prescribing a single solution, SRM methods offer a spectrum of results, each tailored to different risk appetites. Illustrated with a compelling case study, it demonstrates SRM’s utility in problems such as diversifying risk pricing and reinsurance evaluation. Readers will acquire the expertise to implement SRM in their work the ability to explain its results to business stakeholders. Incorporate SRM rules in your pricing work to align more closely with your organization's risk appetite and strategic goals!
Presentation Why Go Spectral? Harnessing Spectral Pricing Rules in Strategic Portfolio Management, December 2023.
The influence of buyer motivation on insurance pricing is under-explored. This talk delves into the dynamics of insurance policy cash flows and capital financing, demonstrating their primary divergence lies in buyer intent. Using Spectral Risk Measures, we'll unravel the pricing implications of such motivations within a one-period framework. These insights are built upon the foundational concepts introduced in "Pricing Insurance Risk" (Wiley 2022, co-authored with John Major) and are brought to life with examples using the speaker's open-source
aggregate software package. To maximize engagement and understanding, attendees will be asked to opine on a pricing problem during the talk. Presentation
Sought or Sold? Reflecting Motive in Insurance Pricing from November 2023, delivered to CAGNY.
Modern Pricing: Update Your Methodology - Two leading actuaries will look at the history of pricing methodologies and discuss how the latest thinking compares, based on the recent book by Steven Mildenhall and John Major. During this seminar the speakers will consider a range of questions such as: How does cost of capital vary by line? Why do we ignore the variation? How the cost of capital varies by layer of capital (investment grade bonds, junk bonds, equity) and implications by line. My presentation Modern Pricing: Update your Methodology from January 2023, delivered in The Old Library at Lloyd's.
What modern finance has to say about pricing insurance. Taken from my book "Pricing Insurance Risk" (Wiley 2022, co-authored with John Major). For a more academic audience. Presentation from October 2022 delivered at the Bayes Business School, London, and September 2022 to Convention A (ASTIN Non-Life Insurance).
Presentation When is Premium Riskier Than Loss? updated September 2022, and delivered to the Aon Analytics Conference in July 2022.
AI solves problems people find easy but computers find hard. It works in part by leveraging hidden data structures. When applied to problems people and computers find hard the results can be disappointing. Presentation The Promise, Pitfalls and Process of AI from November 2019.
Blockchain solves trust problems. If you trust your counter-parties, or operate in a country with a well developed legal system, do you need to put your data in a tank? Presentation Blockchain Mechanics to Insurance Opportunities from March 2019.