Expense & Profit Loads: from Pure Premium to Gross Rate
This lesson is part of the course
In this lesson
You total Brackwater Auto Insurance's variable expense ratio, derive the permissible loss ratio and load the pure premium with fixed expenses, variable expenses and profit into the indicated gross rate per car-year.
Buy the course once for $9.99 to unlock every lesson and lab, the final exam and the certificate – lifetime access, no subscription.
Lessons in this course
- Exposures & Earned Premium: the Mid-Month Rule Locked
- Frequency × Severity = Pure Premium Locked
- Loss Trend: Annual Trend Rate, Trend Period & Trend Factor Locked
- Developing Losses to Ultimate and Trending Them Locked
- On-Level Premium: Bringing Past Premium to Today's Rates Locked
- The Loss Ratio Method: the Indicated Rate Change Locked
- Expense & Profit Loads: from Pure Premium to Gross Rate Locked
- Rating Factors & Relativities: Base Rate × Factors Locked