This presentation discusses professionalism issues for actuaries concerning the use of price optimization in setting insurance rates. The presentation provides background on the topic of price optimization. It discusses the issue in light of proposed changes to the Casualty Actuarial Society’s Statement of Ratemaking Principles and compares the changes to similar changes the organization made in rewriting the Statement of Principles Regarding Property and Casualty Loss and Loss Adjustment Expense Reserves.
Please click on the file name below to view the presentations. Once open, you can choose "file" from your menu and then save the PowerPoint presentation to your disk. The presentation also is available in Adobe Acrobat format. The Adobe Acrobat file is smaller and faster to download. However, you do need the appropriate software to view.
You can download Adobe Acrobat Reader, free of charge, from the Adobe website (https://www.adobe.com/products/acrobat/readstep.html).
Note: Printer fonts may vary by browser and version of Adobe Reader.