Valen Says Survey Shows Conflict between Underwriters and Actuaries

Valen Analytics says a survey of about 200 property and casualty professionals confirms the existence of the long-standing conflict between underwriters and actuaries over pricing. Valen said 77% of the survey respondents said their companies face pricing disputes between underwriters and actuaries. Of those that cited the conflict, 43% agreed that "underwriters dismiss data for judgment," 21% agreed that "actuaries are too conservative" and 19% agreed that "underwriters are too optimistic/aggressive." Valen said it surveyed a variety of "insurance decision...