In Mahler 8.65, in determining Non-Modeled Cat L&ALAE Pure Premium,
The relevant data given is
Rate effective date 1/1/2011 (in effect for one year)
(AIY / Earned Exposure) for CY/AY's 2005 - 2012
Selected non-modeled CAT to AIY ratio
ULAE factor
Solution: (Avg 2011 & 2012 AIY/Exposure) x (sel CAT/AIY) x ULAE factor
I am confused by the logic used in selecting which years to use in calculating the projected (AIY / Exposure). Here's the solution's logic:
Since CY 2011's avg date of earning is 7/1/11, and the avg date of earning under the new rates is 1/1/12,
we should average CY11 and CY12's (AIY/Earned Exposure).
The relevant data given is
Rate effective date 1/1/2011 (in effect for one year)
(AIY / Earned Exposure) for CY/AY's 2005 - 2012
Selected non-modeled CAT to AIY ratio
ULAE factor
Solution: (Avg 2011 & 2012 AIY/Exposure) x (sel CAT/AIY) x ULAE factor
I am confused by the logic used in selecting which years to use in calculating the projected (AIY / Exposure). Here's the solution's logic:
Since CY 2011's avg date of earning is 7/1/11, and the avg date of earning under the new rates is 1/1/12,
we should average CY11 and CY12's (AIY/Earned Exposure).
Mahler 8.65 Homeowners Indication - Non-Modeled Cat Pure Premium
0 commentaires:
Enregistrer un commentaire