Casualty Actuarial Society

2012 Ratemaking and Product Management Seminar

Workshop 1
Introduction to Increased Limit Factors

Monday, March 19, 2012: 9:00 a.m.
Salon J (Philadelphia Marriott Downtown)
This session will present an overview of increased limits ratemaking.  Participants will cover general concepts, such as calculating limited average severities, and practical problems with developing increased limit factors (ILFs) from a distribution of loss data.  The session will also provide an overview of excess and deductible pricing and will discuss common approaches for calculating ILFs.
Moderator: Shantelle Thomas, Senior Actuary, Allstate Insurance Company
Panelist: Jared Smollik, Manager-Actuarial, ISO
  • CAS2012RPMSeminar_BasicRatemakingWorkshop_IncreasedLimitFactors_Handouts.pdf (179.5 kB)
  • CAS2012RPMSeminar_BasicRatemakingWorkshop_IncreasedLimitFactors_Example.xlsx (27.4 kB)
  • CAS2012RPMSeminar_BasicRatemakingWorkshop_IncreasedLimitFactors_Answers.pdf (178.9 kB)
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