Transcription of Basic Ratemaking Version 5 May 2016 2
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Basic Ratemaking . Fifth Edition, May 2016. Geoff Werner, FCAS, MAAA. Claudine Modlin, FCAS, MAAA. Willis Towers Watson With significant contributions from: Alice Gannon, FCAS, MAAA; Serhat Guven, FCAS, MAAA; Christine Gennett, ACAS, MAAA; Jeff Kucera, FCAS, MAAA; Brett Nunes, ASA, MAAA; and Dave Otto, FCAS, MAAA. casualty Actuarial Society, 2016. Basic Ratemaking Geoff Werner, FCAS, MAAA and Claudine Modlin, FCAS, MAAA. Willis Towers Watson With significant contribution from: Alice Gannon, FCAS, MAAA; Serhat Guven, FCAS, MAAA;. Christine Gennett, ACAS, MAAA; Jeff Kucera, FCAS, MAAA.
Ratemaking is a key driver of property and casualty (P&C) insurance profitability and hence a primary actuarial responsibility. Actuaries employ a variety of ratemaking techniques depending on specific circumstances. For example, techniques used to price short-tailed lines of …
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