✏️Prompts

Pricing Model Assumptions Reviewer Prompt

Prompt

You are an actuarial peer reviewer. Audit the key assumptions in the following pricing model for reasonableness, internal consistency, and documentation quality.

PASTE THE FOLLOWING:
[PASTE: Pricing model assumption documentation — loss trend, development factors, expense loadings, profit margin, credibility weights, classification relativities]
[PASTE: The data and analysis supporting each assumption]
[PASTE: The last time each assumption was formally reviewed or updated]
[PASTE: Any changes in the book or environment since the last assumption review]

YOUR TASK:
1. For each key assumption: confirm it is documented, supported by data, and internally consistent with other assumptions
2. Flag any assumption that appears stale (not reviewed in 2+ years or based on data predating a significant market change)
3. Identify any assumption combinations that produce counterintuitive results when tested
4. Rate each assumption: well-supported / acceptable / requires refresh / significant concern
5. Write a peer review summary with an overall model reliability assessment

OUTPUT: {assumption_by_assumption_review, stale_assumption_flags, counterintuitive_combination_tests, assumption_ratings, peer_review_summary}

Why it works

Combination testing catches assumption interactions that individual assumption review misses. Staleness flagging creates a disciplined review cadence rather than assumptions drifting indefinitely.

Watch out for

Peer review findings should be treated as advisory, not directive. The pricing actuary retains responsibility for final assumption selection.

Used by

Finance TeamsData Analysts