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Agenda. . . Background ELR determination Primary
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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 PerilPer RiskPro RataCat 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