On-Level Premium: Bringing Past Premium to Today's Rates
This lesson is part of the course
In this lesson
You build Brackwater Auto Insurance's rate level index from two rate changes, average it per calendar year with the parallelogram shares, and restate five years of earned premium at the current rate level.
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