Workers' Compensation Ratemaking

Manual ratemaking for Workers‘ Compensation insurance policies is a complex and continually evolving process. The transition to a loss costs environment in many jurisdictions compels company actuaries to be familiar with all ratemaking procedures. This reading goes through the standard ratemaking procedures step-by-step, notes alternative methods, and discusses the issues with which company actuaries must deal. Heuristic illustrations are provided in each section, and fully documented rate filing exhibits are provided at the end.