Unit pricing
Unit pricing - What are the risks?
Incorrect calculation of unit pricing can result in significant correctional costs, re-allocation of time and resource, loss of consumer confidence and damage to public reputation. Can any business afford to get it wrong? We don’t believe so.
Reliable calculation of Unit pricing
Deloitte Actuaries and Consultants actuarial team, in conjunction with our Audit, Assurance and Taxation Specialists, have developed methods for assessing the robustness of unit pricing processes. Our methods ensure:
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sound unit pricing principles and the processes that put them into practice
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reliable calculation of unit prices
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identification of errors (undetected and compounded), including calculation of compensation due to policy holders
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accountability measures, risk management and continuity plans for pricing consistency.
