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Property Reinsurance Ratemaking

Agenda. . . Background ELR determination Primary

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Property Reinsurance Ratemaking

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    1. Property Reinsurance Ratemaking Sean Devlin Reinsurance Boot Camp on Pricing Techniques July 29, 2005

    3. Background

    4. Exposure Rating

    5. ELR Determination

    6. ELR Calculation - Per Risk/Pro Rata

    7. ELR Determination

    8. Note on Primary “Price”

    9. Note on Primary “Price”

    10. Primary “Price” (cont’d)

    11. Primary “Price” (cont’d)

    12. Primary “Price” (cont’d)

    13. Exposure and Experience Rating

    14. Experience Rating

    15. Exposure Rating – Loss Curves (cont’d)

    16. Exposure Rating – Loss Curves (cont’d)

    17. Exposure Rating – Loss Curves (cont’d)

    18. Exposure Rating (cont’d)

    19. Exposure Rating (cont’d)

    20. Exposure Rating - PSOLD 2004

    21. Exposure Rating (cont’d)

    22. Exposure Rating (cont’d)

    23. Exposure Rating (cont’d)

    24. Exposure Rating (cont’d)

    25. Exposure Rating (cont’d)

    26. Weighting of Methods

    27. Catastrophe Peril Per Risk Pro Rata Cat XL

    28. Vendor Models –What to Use?

    29. Vendor Models –What to Use? (Cont’d)

    30. Vendor Models –What to Use? (Cont’d)

    31. Vendor Models –What to Use? (Cont’d)

    32. Vendor Models –What to Use? (Cont’d)

    33. Model Inputs

    34. “Unmodeled” Perils

    35. “Unmodeled” Perils (cont’d)

    36. “Unmodeled” Perils (cont’d)

    37. “Unmodeled” Perils (cont’d)

    38. “Unmodeled” Perils (cont’d)

    39. “Unmodeled” Perils (cont’d)

    40. “Unmodeled” Perils (cont’d)

    41. Using the Output

    42. Experience Rating – Adjustments

    43. Loadings to final EL

    44. Capacity Charge - Simplistic

    45. Conversion to Pricing

    46. Finishing The Job

    47. Pro Rata Example

    48. Key Takeaways

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