Nuts and bolts

Actuaries can be a secretive bunch. After all, how many of us non-actuarial types understand even half of the detailed mathematical conversations they have? It is probably time to change this and, to that end, this column tries to explain some of the pricing strategies protection providers could adopt, and their impact on advisers and customers. It seemed a good idea to ask those responsible for pricing protection products for their views on some key issues too. Underwriting has a huge impact on the pricing of protection products, so that seemed as good a place to start as any. In conju...