Actuaries by providing better measurement and feedback can play an increasingly significant role in managing insurance pricing cycles, according to a top industry executive.
Mark D. Lyons, president and chief operating officer of the Arch Insurance Group, made his remarks to the Casualty Actuarial Society ratemaking seminar earlier this month in Atlanta.
According to the CAS report of his remarks, Mr. Lyons said actuaries' increasing visibility in the senior ranks of the industry could help them play a role in moderating underwriting rate fluctuations.
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