Insurance Day
Slave to the model
Robin Waller and David Arthur, Advent
The adoption of actuarial science in recent years has helped transform the formulation of pricing in the London market. The pricing of risk at Lloyd’s has evolved over decades of experience; but now actuaries have brought their own techniques and discipline to the process and this shift has played a key role in London retaining its pre-eminence in the global insurance market and built differentiation for our market.