Week 1: Principles of Ratemaking

1.A.1: Webb, et al., Insurance Operations, Vol 1 (selected pages)

1.A.2: Webb, et al., Insurance Operations, Vol 2 (selected pages)

1.B.1: CAS Statement of Principles regarding Ratemaking

1.B.2: McClenahan on Ratemaking: Fundamentals

1.B.3: McClenahan on Ratemaking: Personal Auto Exhibits

1.B.4: McClenahan on Ratemaking: Classification Exhibits

1.B.5: Bouska on Exposure Bases

Week 2: Insurance Contract Analysis; Overview of Insurance Market

2.A.1: Wienig and Malecki, Insurance Contract Analysis (selected pages)

2.B.1: Schofield: Going from a Pure Premium to a Rate

2.B.2: Boor on Insurance Marketplace

2.B.3: Boor on Underwriting Cycles

2.B.4: ASB on Trending

Week 3: Personal Auto Insurance Pricing

3.A.1: Hamilton and Malecki, Personal Insurance (17-41; 205-250; 267-295)

3.B.1: Personal Auto Premiums: Asset Share Pricing Factors

3.B.2: Asset Share Exhibits: Company Growth

3.B.3: Asset Share Exhibits: Rate Relativities and Competitive Strategy

Week 4: Personal Property Pricing

4.A.1: Hamilton and Malecki, Personal Insurance (45-66; 75-96)

4.A.2: Trupin and Flitner, ch 3: Building and Personal Property Coverage

4.B.1: Head on Insurance to Value, Survey and Loss Severity Distributions

4.B.2: Head on Insurance to Value, Coinsurance Theory and Appendix 1

4.B.3: Kelley on Homeowners Insurance to Value

4.B.4: Brown and Schmitz on Deductibles

4.B.5: McCarthy on Premium Trend Revisited

Week 5: General Liability Ratemaking

5.A.1: Malecki and Flitner, ch 1: Liability Loss Exposures

5.A.2: Malecki and Flitner, ch 3: Commercial General Liability Insurance

5.B.1: Graves and Castillo on CGL Ratemaking: Statewide Indications

5.B.2: Graves and Castillo on Classification Ratemaking

5.B.3: Lange on Increased Limits Factors

Week 6: Workers’ Compensation

6.A.1: Malecki, et al, ch 9: Workers’ Compensation & Employer’s Liability

6.B.1: Review McClenahan on Fundamentals

6.B.2: Review Bouska on Exposure Bases

6.B.3: Workers’ Compensation Ratemaking, chs 1-8: Basic Techniques

6.B.4: Workers’ Compensation Ratemaking, ch 9: Direct Effects

6.B.5: Workers’ Compensation Ratemaking, ch 10: Incentive Effects

Week 7: Workers’ Compensation

7.B.1: Workers’ Compensation Ratemaking, chs 11, 12, 13: WC specific items

7.B.2: Workers’ Compensation Ratemaking, ch 14: Classification Systems

7.B.3: Workers’ Compensation Ratemaking, ch 15: Partial Pure Premiums

7.B.4: Workers’ Compensation Ratemaking, chs 16, 17: Other topics

Week 8: Other Liability Coverages; Credibility; Individual Risk Rating

8.A.1: Malecki, et al., ch 10: Professional Liability Insurance

8.A.2: Malecki, et al., ch 13: Excess and Umbrella Liability Insurance

8.B.1: Review Harwayne procedure in Workers’ Compensation Ratemaking

8.B.2: Review "C-Factor" procedure in Graves and Castillo

8.B.3: Boor on Complement of Credibility

8.B.4: Tiller on Individual Risk Rating (textbook + study note)

Week 9: Health Insurance; Risk Classification; Claims-Made Policies

9.A.1: ISO, Personal Auto Policy

9.A.2: Hallman and Hamilton, ch 1: Private Health Benefits

9.A.3: Group Life & Health, ch 2: Managing Health Care Costs

9.B.1: Finger on Risk Classification

9.B.2: Finger on Classification Efficiency

9.B.3: Marker and Mohl on Rating Claims-Made Policies

Week 10: Hurricane Modeling; Medical/Dental; Statistical Plans

10.A.1: ISO, Personal Auto Manual

10.B.1: Burger et al on Hurricane Modeling

10.B.2: Group Medical/Dental Pricing

10.B.3: Prevosto on ISO Statistical Plans

10.B.4: Moncher on NCCI Statistical Plans