Estimating the Premium Asset on Retrospectively Rated Policies - Teng & Perkins

Study Strategy

Checklist

1. Know the basics of retrospectively rated insurance (the features and benefits)
2. Know how to calculate the premium for a retrospectively rated policy
3. Be able to calculate the PDLD ratios
   • Rating parameter method
   • Empirical method
4. Be able to calculate CPDLD ratios
5. Be able to calculate future expected premium
6. Be able to calculate the premium asset
7. Be able to explain the basics of Fitzgibbon’s method
8. Be able to recognize and explain the graphs of both Fitzgibbon’s method and the PDLD method
9. Know the advantages and disadvantages of both Fitzgibbon’s method and the PDLD method

My Notes