Abstract
Except in a few unusual lines of industry compensation insurance rates must for a long time in the future be based upon a minimum of dam supplemented by expert judgment. This must be so for at the present time there are some 1,400 classifications in the workmen's compensation rate manual. We may look forward to changes from time to time in the phraseolog 7 of the classifications and the elimination of some existing classifications. I doubt if we can look forward to any material reduction in the total number. We must allow a certain time to elapse for the collection of our statistical data, yet so rapid is the flux and change of conditions we must measure and deal with, that we can not #re much credence for future rate-making to data of even a very few years back.
Volume
IV
Page
263-273
Year
1918
Categories
Actuarial Applications and Methodologies
Ratemaking
Classification Plans
Actuarial Applications and Methodologies
Ratemaking
Exposure Bases
Financial and Statistical Methods
Credibility
Actuarial Applications and Methodologies
Data Management and Information
Business Areas
Workers Compensation
Publications
Proceedings of the Casualty Actuarial Society
