Actuarial techniques for the non actuary
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ACTUARIAL TECHNIQUES FOR THE NON-ACTUARY. By Tom Tomlinson TT Compliance. Overview Background Setting the stage. RATEMAKING—WHAT THE STATE FILER NEEDS TO KNOW. BACKGROUND PROPERTY & LIABILITY RATEMAKING THE RATEMAKING PROCESS LIABILITY BASIC LIMIT RATEMAKING AUTOMOBILE RATEMAKING

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Actuarial techniques for the non actuary

ACTUARIAL TECHNIQUES FOR THE NON-ACTUARY

By Tom Tomlinson

TT Compliance


Actuarial techniques for the non actuary

Overview

Background

Setting the stage


Ratemaking what the state filer needs to know
RATEMAKING—WHAT THE STATE FILER NEEDS TO KNOW

  • BACKGROUND

  • PROPERTY & LIABILITY RATEMAKING

  • THE RATEMAKING PROCESS

  • LIABILITY BASIC LIMIT RATEMAKING

  • AUTOMOBILE RATEMAKING

  • PROPERTY RATEMAKING

  • WORKERS COMPENSATION RATEMAKING

  • LOSS COST BASED RATE FILINGS


Actuarial techniques for the non actuary

  • Good overview

  • Includes both personal and commercial lines

  • Enables a sense of understanding of actuarial techniques


Actuarial techniques for the non actuary


Actuarial techniques for the non actuary



Actuarial concepts

Data Collection

Sources of Data

Integrity of Data

ACTUARIAL CONCEPTS


Credibility of data
Credibility of Data

  • Law of Large Numbers

  • Build Justification


Data interpretation analysis
Data Interpretation & Analysis

  • Assumptions

  • Methods and Techniques

  • Evaluation


Data presentation
Data Presentation

  • Preparation

  • Recommendations

  • Documentation



Actuarial techniques for the non actuary





Professional presentation
Professional Presentation

  • KISS Theory

  • Spelling, grammar and punctuation

  • Know what you are doing & talking about

  • Take time to do it right