Rating Factors & Relativities: Base Rate × Factors
This lesson is part of the course
In this lesson
You turn Brackwater Auto Insurance's pure premium by driver age into indicated relativities against the base class, compare them with the current ones in a chart and rate four policies with base rate × territory factor × class relativity.
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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