Do primary P&C insurers typically do ratemaking direct or net of reinsurance? If done on a direct basis... are costs of reinsurance considered an expense?
My company's ratemaking processes seem to ignore reinsurance costs entirely. This seems odd to me since expected ceded premiums > expected ceded losses, and we don't explicitly capture that expected cost anywhere in our ratemaking.
I have only ever worked for one company, so I don't know if what we do is typical or unusual??
My company's ratemaking processes seem to ignore reinsurance costs entirely. This seems odd to me since expected ceded premiums > expected ceded losses, and we don't explicitly capture that expected cost anywhere in our ratemaking.
I have only ever worked for one company, so I don't know if what we do is typical or unusual??
Reinsurance Costs in Ratemakiing
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