Transcription of Basic Ratemaking Version 5 May 2016 2
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Basic Ratemaking Version 5 May 2016 2
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;. Brett Nunes, ASA, MAAA; Dave Otto, FCAS, MAAA. Version 5, MAY 2016. Copyright Casualty Actuarial Society, 2016. This text outlines Basic property/casualty insurance Ratemaking concepts and techniques. It is intended to be a single educational text to prepare actuarial candidates practicing around the world for Basic Ratemaking . A key concept in the text is the fundamental insurance equation, which balances the expected future income and outgo of an insurance operation.
concepts and techniques, and provide simple examples. Each chapter concludes with a narrative summary as well as an outline of key concepts covered in the chapter. The appendices provide in-depth practical examples of some of the techniques discussed throughout the text. In …
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