Abstract
This paper gives a detailed account of the entire homeowners ratemaking procedure from adjusting premium and losses to spreading the statewide indicated rate level change by territory. Many traditional techniques, such as adjusting the data to a common deductible and tempering premium trend, are discussed in terms of their appropriateness to certain situations. New techniques for calculating premium trend, loss trend, credibility, and territorial indications are also introduced.
Volume
May, Vol 2
Page
781-808
Year
1990
Categories
Actuarial Applications and Methodologies
Ratemaking
Trend and Loss Development
Territory Analysis
Financial and Statistical Methods
Credibility
Business Areas
Homeowners
Publications
Casualty Actuarial Society Discussion Paper Program
