Price Elasticity Modeling - Considerations on Theoretical Aspects
Register to this webinar hosted by the ILAA - Israel Association of Actuaries.
In recent years, predictive modeling has made significant strides, enhancing risk models in pricing and drawing increased attention to areas like demand modeling.
This webinar will explore demand and price elasticity from an actuarial perspective, examining different modeling approaches and addressing challenges like extrapolation.
We will discuss how to interpret observed data to derive accurate price elasticity, and we will highlight how second-order effects linked to premium offerings and demand at flat renewal rates necessitate adjustments to traditional risk models.
Register
Our team will contact you with the event details.
Price Elasticity Modeling - Considerations on Theoretical Aspects
Register to this webinar hosted by the ILAA - Israel Association of Actuaries.
In recent years, predictive modeling has made significant strides, enhancing risk models in pricing and drawing increased attention to areas like demand modeling.
This webinar will explore demand and price elasticity from an actuarial perspective, examining different modeling approaches and addressing challenges like extrapolation.
We will discuss how to interpret observed data to derive accurate price elasticity, and we will highlight how second-order effects linked to premium offerings and demand at flat renewal rates necessitate adjustments to traditional risk models.
Learn more about the speakers
Edwin Graham
Edwin Graham is a Principal Actuarial Data Scientist based in the UK. He joined Akur8 in 2021 with a decade of experience in insurance pricing. He holds a Masters degree in Mathematics from Lancaster University and is a keen cyclist and field hockey player in his spare time.
