Chapter 7 Outline - C.Measuring Profitability III. Rate...

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Chapter 7 Outline I. Property and Casualty Insurance Companies A.Balance Sheet 1. Assets 2. Liabilities 3. Policyowners’ Surplus B.Income and Expense Statement 1. Income 2. Expenses 3. Net Income C.Measuring Profit or Loss II. Life Insurance Companies A.Balance Sheet 1. Assets 2. Liabilities 3. Policyowners’ Surplus B.Income and Expense Statement 1. Income 2. Expenses 3. Net Gain from Operations
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Unformatted text preview: C.Measuring Profitability III. Rate Making in Property and Casualty Insurance A.Objectives in Rate Making 1. Regulatory Objectives 2. Business Objectives B.Basic Rate Making Definitions C.Rate Making Methods 1. Judgment Rating 2. Class Rating 3. Merit Rating a. Schedule Rating b. Experience Rating c. Retrospective Rating IV. Rate Making in Life Insurance...
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