Managing for Profit
Methods for pricing and managing risk are evolving rapidly. Underwriting organisations in the Lloyd’s and London Markets are reviewing:

  • How they manage their underwriting
  • Their pricing tools and methods
They want to be sure they are in control of profitability. And be able to demonstrate this to the Board, Regulators, and stakeholders.

At UMACS we have extensive experience of pricing and profitability management across all major London Market lines of business – both ‘open market’ risks and facility business (e.g. ‘binders’). We can:

  • Review your pricing and profit tracking and benchmark you versus the market;
  • Design & implement enhancements that improve the quality of your pricing and profitability management;
  • Form an on-going part of your underwriting management, including independent peer reviews of risk-by-risk pricing or rate monitoring
  • Provide IT systems for underwriting and pricing management. For more information click: about U-port

We also carry out traditional actuarial engagements where these are important and add value for our clients.