1. Exposure definition
Define policy count, earned exposure, insured value, payroll, sales, units, or other exposure measures consistently.
2. Claims definition
Clarify incurred versus paid, loss date, report date, claim count, expense treatment, salvage/subrogation, and large-loss handling.
3. Segmentation
List current rating variables, operational availability, data quality, legal/regulatory constraints, and credibility considerations.
4. Trend and development
Identify loss trend, exposure trend, claim development, seasonality, inflation, mix shifts, or other time effects relevant to the product.
5. Expenses and financial terms
Document acquisition, operating, tax/fee, reinsurance, profit/margin, capital, or other components used in the pricing framework.
6. Governance
Record intended use, indication versus selection, approval requirements, filing requirements, limitations, and professional review.
Need a structured consulting review?
Contact us with the insurance decision, existing model or process, available data, and intended use.
Contact Us