Actuarial Issues To Be Addressed In Pricing Insurance Coverages [Discussion]

As most actuaries that have had an opportunity to prepare a rate filing will tell you, the ratemaker will generally have to convince three principals that the rate he is generating is a reasonable one. First, he must convince himself. This first step alone is, in many cases, a difficult and laborious task due to the many technical uncertainties with which an actuary must deal. However, only when this task is accomplished can one proceed to the next level of review. General/Premium Analysis