Loss Trend: Annual Trend Rate, Trend Period & Trend Factor
This lesson is part of the course
In this lesson
You measure the annual trend in Brackwater Auto Insurance's pure premium, work out the trend period from the experience period to the future policy period, build the trend factor and chart the history with a trendline.
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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