The audit trail behind insurance product pricing models matters as much as the decision itself. Capital, liquidity and reputation are all exposed by weak handling of pricing models. The course covers this aspect of financial and banking practice at the level of detail needed to act, and stops there. Practitioner evidence points the same way: insurance product pricing models improves fastest where responsibility for it is named and owned. Discussion is anchored to worked examples of the wider financial and banking practice agenda rather than to abstract argument. They gain the ability to sequence improvements to pricing models in an order their organisation can absorb. The programme suits teams tackling insurance product pricing models together as readily as individuals attending alone. Plans for pricing models often fail at the handover point between functions. The programme closes with an action plan for this strand of financial and banking practice that each participant writes for their own organisation.
Expected Learning Outcomes
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Apply the relevant accounting and disclosure treatment to insurance product pricing models.
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Set the minimum documentation for pricing models that is genuinely necessary, and stop there.
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Design reconciliation and settlement controls covering insurance product pricing models.
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Stress test pricing models against scenarios that are plausible rather than comfortable.
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Set a realistic target state for insurance product pricing models and a defensible route to it.
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Integrate pricing models into existing management routines rather than running it separately.
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Validate the assumptions inside any model supporting insurance product pricing models.
Who Should Attend
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Financial technology and change staff modernising insurance product pricing models.
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Project and programme managers whose delivery depends on pricing models.
