Provide precise assessment of risk to support Relationship Team in achieving the highest retention rates for profitable business.
Estimate the impact of product changes on the contract performance and revise premiums accordingly.
Agree on final corporate renewal rates.
Discuss, negotiate, and explain quotations and technical results to Relationship Team to ensure complete understanding and agreement on final prices and product changes.
Revisit the benefits of high loss ratio accounts and recommend product changes and/or adequate price increases to enhance profitability.
Evaluate the risk profile and set the adequate premiums using the pricing model and product specifications provided by the Account Managers.
Follow the pricing policy guidelines to consider and approve additional benefits over and above the regulated CCHI policy.
Coordinate with the corporate renewal pricing team to ensure accurate interpretation of results.
Adjust periodically the pricing model and the loading factors according to the provider trends and their movements among the networks.
Prepare related Cognos reports
Manage the automated reports (frequent users report, management information report) and ensure that they are in line with the projected technical results.
Provide and support Relationship Team with customized reports that evaluate contracts experience and attribution.
Manage the monthly reports and provide updates of the department KPI?s (retention rate, price increases?)
Conduct simulations and reports to support management in setting the pricing strategy.
Manage the payment flexibility terms for renewals and new business contracts.
