CONVERSATIONS WITH THE CHAIR 2020-1ST EDITION: THE FUTURE OF PRICING

On February 16, the first Conversation with the Chair was held within the framework of a new initiative of the UBZurich Chair, focused on holding strategic discussions between the company's management team and the Riskcenter research team. The relationship between both institutions, which began in 2013 with the signing of the Chair, takes another step in the realization of the competitive advantages that derive from a fruitful University-Company collaboration.

In a session in which they have participated, Catalina Bolancé (Director of the UBZurich Chair), Montserrat Guillén (Director of Riskcenter UB), Maria Jesús Romero (Country Risk Officer Zurich Spain), Jordi Margarit (Chief Pricing Actuary Zurich Spain), Kamal Mustafá (Head of Pricing and Portfolio Management SME, Zurich Spain) and Gledys Sulbaran (Senior Data Scientist, Zurich Spain) have discussed the opportunities that Machine learning offers when carrying out quality pricing, highlighting above all the rigor technique that is required in its application. The analysis of soft factors (behavior) vs. hard factors (traditional risk factors), the convenience or not of using external databases, the incorporation of variables associated with use, the margin of variation in rates in a market with falling prices in certain products (How far can they go down; Is it a fair market?) And the analysis of what the new generations of actuaries and data scientists demand have been the m