Search results with tag "Basic ratemaking"
Basic Ratemaking Version 5 May 2016 2
www.casact.orgBasic Ratemaking Geoff Werner, FCAS, MAAA and Claudine Modlin, FCAS, MAAA Willis Towers Watson 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.
Basic Ratemaking Version 5 May 2016 2
www.casact.orgii FOREWORD 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 …
Basic Ratemaking Version 5 May 2016 2
www.casact.orgv Chapter 15 covers additional ratemaking methods commonly used by commercial insurers. The methods are divided into two categories: those that alter the rate calculated from the rating manual and those that are employed by insurers to calculate a premium unique to a particular large commercial risk.