• Rate filing exhibits are automatically generated once all the data are entered.
• Users are led through a series of self-explanatory screens.
• A "What-If" tool allows the user to vary a host of ratemaking assumptions and factors.
• The system is able to accept any flat-file database structure of policy and claims data.
• Conventional actuarial algorithms are employed throughout.
• Rate filing exhibits are packaged into PDF files for electronic transmission to users and regulatory authorities.
• Model can be customized for your preferred algorithms and preferences.

We offer the following versions of the Automobile Ratemaking Model:

• Basic: determination of indicated overall rate change for each coverage; accepts changes to Relativity Factors
• Limited: Basic plus determination of Territory Relativity Factors
• Standard: Limited plus determination of Driver Class and Tier (optional) Relativity Factors
• Bi-Variate: Basic plus determination of Territory and Driver Class Relativity Factors by way of a simultaneous analysis of both dimensions using any one of three Minimum Bias Functions: Balance Principle, Least Squares, and X-Squared