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No one needs to be told how difficult it is to arrive at adequate but competitive rates in today's competitive market. AAIS actuarial staff can provide critical support for rate analysis and development of loss cost multipliers, incorporating industry data to supplement company data when necessary.
Our actuaries are prepared to:
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Review company experience and analyze company rate levels
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Integrate AAIS data to establish credibility where needed
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Analyze custom coverages or endorsements to suggest loss costs
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Analyze company options for modifying AAIS loss costs, territorial relativities, or other rating factors
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Calculate effects of changes to AAIS loss costs and relativities on a company's book of business
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Calculate company loss cost multipliers
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Calculate rates from AAIS loss cost tables and company multiplier, and produce company rate tables
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Assist in completing filing forms and developing exhibits to support rate filings
Our other actuarial capabilities are:
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Reviewing company reinsurance arrangements
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Calculating liabilities for known and unknown losses
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Providing Statements of Actuarial Opinion
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Training company personnel in actuarial techniques
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