The Loss Ratio Method: the Indicated Rate Change
This lesson is part of the course
In this lesson
You compute Brackwater Auto Insurance's on-level loss & LAE ratios, weight the five accident years, turn the result into an indicated rate change with the expense and profit provisions and apply it to the current average premium.
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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