As insurance products become more complex and competition more fierce, companies are forced to compete for thinner margins. Accurately measuring and monitoring profitability is increasingly more important. Product complexity, embedded guarantees and new capital and reserving requirements increase the need for pricing on a stochastic basis. This session presents the findings from two recent studies: a Tillinghast survey on pricing methodology and an SOA study on pricing embedded options and guarantees.

Targeted Value Ladder Stage: Employer/Client