Exploitation and new actuarial uses of information

Scientific project

This scientific project is composed of four axes which concern respectively: detailed modelling of each policyholder’s risk; the balance to be struck between segmentation and risk pooling; contract pricing and the economic modelling of policyholder behaviour; the distribution of risks and policyholders in a competitive environment. These research axes are complemented by a transversal axis bringing together underlying statistical methods and tests on Covea’s portfolio.

The main objectives are:

• Participate in the identification of actuarial statistical methods to better quantify the contributions of new massive data on the understanding and apprehension of the risks intrinsic to each insured;
• Identify the acceptable limits of the compromise between segmentation of the insurance contract offer and fundamental principle of actuarial pooling, and understand its impact in terms of pricing;
• Understand the impact of these new sources of information on the behavior of policyholders in a competitive world and quantify its consequences in terms of pricing actuarial risks;
• In this context, identify the distribution of risks between insured and insurers in a competitive environment, by identifying in particular the societal risk of exclusion of certain profiles of insured.