Insurance Fundamentals Series
Insurance Ratemaking Fundamentals Course
Why you need this course:
Ratemaking is the projection of past loss experience into rates that will, it is hoped, develop future premiums that will pay for losses and expenses and provide a margin for profit and contingencies. Regulators and insurers have goals to achieve in ratemaking. Insurance rates consist of components that consider future claims, future expenses, profit, and contingencies. Actuaries and advisory organizations have significant roles in the determination of insurance rates.
Upon successful completion of all four modules in this course, you should be able to:
- Identify the goals of insurance rate regulation.
- Describe the goals and ideal characteristics of ratemaking.
- Describe rate components and ratemaking terms.
- Explain how actuaries are involved in the ratemaking process.
Modules can be studied in any order you choose.
Cost: $24 per course (1 Professional Development Hour @ $24 per hour)
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