5 calculators in this category
- Pure Premium & Rate CalculatorASOP No. 53, Estimating Future Costs for Prospective Property/Casualty Risk TransferAn insurance rate is built, not chosen. It starts with the pure premium — expected claim frequency multiplied by expected…
- Actuarial Credibility Weighting CalculatorLimited fluctuation (classical) credibilityAn account with three claims does not tell you much; the same account with three thousand tells you a great deal. Credibility…
- IBNR Loss Reserve CalculatorChain-ladder development method; ASOP No. 43Losses that have already happened are not yet all known. Some claims have not been reported, and the ones that have are carried…
- Self-Insured Retention Break-Even CalculatorLimited expected value under a lognormal severityRaising a retention always looks cheap, because the premium credit arrives immediately and the extra losses arrive later. This…
- Insurance-to-Value & Underinsurance CalculatorCoinsurance condition, ISO commercial property formsInsure a building for less than the percentage of its value your policy requires and the insurer does not simply cap your…
Which one do you need?
- Pure Premium & Rate Calculator
- Build an insurance rate from the ground up: pure premium from frequency and severity, loaded for LAE, fixed and variable expense, profit and the permissible loss ratio.
- Actuarial Credibility Weighting Calculator
- Blend an account's own loss experience with the class rate using limited fluctuation or Buhlmann credibility, and see how many claims full credibility requires.
- IBNR Loss Reserve Calculator
- Develop reported losses to ultimate with chain-ladder factors and a tail, and see the IBNR reserve each accident year still requires and what share stays unreported.
- Self-Insured Retention Break-Even Calculator
- Compare retaining a layer of loss against buying it, using expected losses at each retention plus the bad-year cost a skewed severity distribution can produce.
- Insurance-to-Value & Underinsurance Calculator
- Apply the coinsurance formula that cuts a claim when a property is insured below its required value, with the deductible interaction and the limit needed to avoid it.
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