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Effective Price Modeling How to Discover and Implement Profitable Underwriting Factors - page 3 / 12

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Pricing Models

Macro models tell us how much the overall rates need to change.

Restate premium and losses to current level

Indicated rate change often used as guide; not always filed

By line, state; any finer and most models break down

Historical Losses

Earned Premium

Projected Losses

Restated Premium

Trend for IBNR development and inflation

Put past premium on current level

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