ISBN(s): 978-1-64756-949-5 | 978-1-64756-950-1
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This ACTEX Study Manual on the introduction of ratemaking and reserving for the FSA General Insurance exam track includes step-by-step illustrations of each ultimate claim projection method and ratemaking approach.
Summary of Topics:
- Creation of claim development triangle from transaction data
- Creation of claim development triangle from transaction data
- Exposure trending analysis- Claim trending analysis
- Triangle data analysis
- Claim projection methods
- Development method
- Expected method
- Bornhuetter-Ferguson method
- Cape Cod method (Generalized Cape Cod method)
- Frequency-severity methods
- Berquist-Sherman methods
- Comparison and evaluation of each claim projection method
- Estimation of unallocated loss adjustment expense
- Ratio-based methods
- Count-based methods
- Estimate of claim liability
- Evaluation of premium liability
- Calculation of loadings for catastrophe and large claims
- Calculation of overall rate change indications
- Risk classification techniques
- Deductible factors, increased limit factors, and coinsurance penalties
- Claims-made policies
- Result monitoring
- Probability exceedance curve
- Catastrophe models
- Application of catastrophe models to insurance ratemaking
- Application of catastrophe models to portfolio management
- Application of catastrophe models to risk financing
About the Author:
Ke Min, ACIA, FSA, CERA
Ke is a Senior Actuarial Analyst currently working in Morneau Shepell’s Fredericton office. He is a part of Morneau Shepell’s workers compensation actuarial consulting team. Ke acts as the lead analyst on key accounts and has been involved in the accounting valuation of liabilities, ratemaking, and reserving procedures for various workers' compensation boards in Canada. In addition, he has worked on numerous OPEB (Other Post-Employment Benefit) plan valuations as well as the assessment of liabilities for Long-Term Disability Plans.
Ke has his B. Sc. in Computer Science from St. Francis Xavier University and is an Associate of Canadian Institute of Actuaries (ACIA), Associate of the Society of Actuaries (ASA), Chartered Enterprise Risk Analyst (CERA).