RATEMAKING FOR MAXIMUM PROFITABILITY Lee Bowron , ACAS , MAAA Don Manis , FCAS , MAAA Introduction The goal of ratemaking methodologies

@inproceedings{Bowron2001RATEMAKINGFM,
  title={RATEMAKING FOR MAXIMUM PROFITABILITY Lee Bowron , ACAS , MAAA Don Manis , FCAS , MAAA Introduction The goal of ratemaking methodologies},
  author={Lee M. Bowron and Donnald E. Manis},
  year={2001}
}
  • Lee M. Bowron, Donnald E. Manis
  • Published 2001
The goal of ratemaking methodologies is to estimate the future expected costs for a book of business. Using past experience, including both internal and external data, the actuary attempts to quantify the required premium level to achieve an acceptable profit. However, if one looks at the rate activity in a market, it is apparent that company actions do not… CONTINUE READING