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Review of ISO’s New ILF Tables

Thinking. The Box. beyond. Review of ISO’s New ILF Tables. June 16, 2000. Jerome A. Degerness Seminar on Reinsurance Casualty Actuaries in Reinsurance Committee on Reinsurance Research. ISO’s New ILF Tables. Overview of the Session. Recent ISO ILF Changes Reinsurance Company Perspective

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Review of ISO’s New ILF Tables

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  1. Thinking The Box beyond Review of ISO’s New ILF Tables June 16, 2000 Jerome A. Degerness Seminar on Reinsurance Casualty Actuaries in ReinsuranceCommittee on Reinsurance Research

  2. ISO’s New ILF Tables Overview of the Session • Recent ISO ILF Changes • Reinsurance Company Perspective • Intermediary Perspective

  3. ISO’s New ILF Tables Intermediary Considerations • Underlying Coverage & Reinsurance Terms • Limits • Deductibles • Attachment Points • Treatment of ALAE • Transition Rules • Do limits affect severity? • Is ALAE Independent of Policy Limit?

  4. ISO’s New ILF Tables Buyer’s Experience - Possible Scenarios • Writes high limits and has a high incidence of large losses. • Writes high limits, but has a low incidence of large losses. • Plans to write higher limits, has no large loss experience.

  5. ISO’s New ILF Tables Experience and Exposure Analysis - Information • Loss and ALAE • Limits • Subject Premium, lines, etc. • Reinsurance Options to be Considered • Does the company write Excess/Umbrella over its own or other carriers policies?

  6. ISO’s New ILF Tables Risk Load • Buyer’s perspective • Reinsurance Company perspective

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