Pricing (Ratemaking)

Pricing (Ratemaking)

Tuesday, August 9th, 2016


Even though currently Indonesia still applies tariff for certain class of business in General Insurance pricing, lesson learned from other countries is that tariff does not last forever and many countries have applied de-tariff alongside the requirement of having actuarial or risk management department in the organization, in lieu of growing and stronger actuarial analysis being applied. Pricing/Ratemaking process is also useful to monitor performance of business so that target profit is maintained accordingly.

This one day workshop, organized by Padma Radya Aktuaria & Actuarial Partner Malaysia, offers basic knowledge and practical application to performing pricing/ratemaking of common general insurance products.

  • The Objective of the course is to familiarize participants with practical aspects of ratemaking.
  • THE COURSE WILL BE A MIXTURE OF LECTURE AND HANDS-ON EXERCISES. Participants are encouraged to bring their laptops to solve practical exercises during the course.


Speaker Profile

Steven Glicksman, FCAS

Mr. Glicksman is a Fellow of the Casualty Actuarial Society (FCAS) and a Member of the American Academy of Actuaries (MAAA). He has twenty-five years of experience.

Mr. Glicksman is an expert in setting rates in dynamic situations. He performs pricing and cost allocation studies for insurers of all types (commercial, corporations, pools, trusts, public entities and captives). Unique coverages and feasibility studies are his specialty. He can often work with partial or incomplete data.

Before starting Glicksman Consulting, Mr. Glicksman’s most recent position was Managing Director at Aon Risk Consulting, Inc. Prior to Aon, Mr Glicksman was Principal and Director of Actuarial Services at Advanced Risk Management Technologies (ARM Tech).

Before Aon and ARM Tech, Mr. Glicksman managed Southern California office of the Actuarial and Benefits Consulting division of Coopers & Lybrand (Now PriceWaterhouseCoopers).


Who Should Attend :

  • Actuarial Professionals
  • Interested in a practical introduction to ratemaking of common general insurance product.