Ratemaking

Press Releases & News

• Submit Comments on the Discussion Drafts of Statement of Principles( 4/10/2013)
• New Issues in Workers Compensation Pose Challenges for Casualty Actuaries( 4/08/2013)
• Casualty Actuaries Examining Impact of Healthcare Reform on Property/Casualty Insurance Industry( 3/27/2013)
• CAS Ratemaking and Product Management Seminar to be held March 11-13 in Huntington Beach, CA( 3/05/2013)
• December/January 2013 Research and Development Newsletter( 1/03/2013)

Newsletters

• Atlanta to Host ’07 Ratemaking Seminar
• PDR Opinions: Not “Why” but “Why Not?”
• New UCAS Sessions Available
• CAS Professional Education Calendar
• “Goodness of Fit” vs. “Goodness of Lift”

Research Articles

1. Bayesian Trend Selection
   Motivation. Selecting loss ratio trends is an integral part of NCCI aggregate ratemaking. The trend selection draws on an exponential trend (ET) regression model that is applied, alternatively, to the latest 5, 8, and 15 observations (dubbed …
2. Loss Cost Components and Industrial Structure
   Motivation. Concomitant with the 2007-2009 recession, the US economy experienced profound changes in industrial structure that led to widely varying growth rates of employment by industry. Whereas some of these changes may be temporary, others are …
3. PEBELS: Property Exposure Based Excess Loss Smoothing
   The invention of PEBELS, or policy exposure based excess loss smoothing, was motivated by the need to develop estimates of high layer expected loss cost for extremely small, non-credible segments of a primary property book of business. The existing …
4. Extending the Asset Share Model: Recognizing the Value of Options in P&C Insurance Rates
   In this paper we will present a refinement of the well-known asset share model for ratemaking. The new method for calculating premiums and premium relativities accounts for risk classification transition probabilities. The relationship between risk …
5. Empirical Method-Based Aggregate Loss Distributions
   This paper presents a methodology for constructing a deterministic approximation to the distribution of the outputs produced by the loss development method (also known as the chain-ladder method). The approximation distribution produced by this …

Events

• March 11-13, 2013 Ratemaking & Product Management (RPM) Seminar
• March 2014 Ratemaking & Product Management (RPM) Seminar