Session 164: Premium Distribution and Market Competitiveness Under Rate RegulationSession 164: Premium Distribution and Market Competitiveness Under Rate Regulation Presenters will address optimal new business written premium mix at the firm and state levels under varying ...
Description: Presenters will address optimal new business written premium mix at the firm and state levels under varying competitive conditions. They will explore the use of mean-variance optimization to determine a company's optimal new business written premium mix for a given geographical area, predicting statewide product mixes using varying rate regulation scenarios, involving profit caps and measuring/testing a market's competitiveness for a given line of business. The scope of the ideas to be presented is international, applying to property, liability, individual and group life; individual and group health; disability and accidental insurance. Examples will be presented for general insurance in the United StatesHide
- Authors: Robert P Montgomery, Zia Rehman
- Date: Feb 2020
- Competency: Technical Skills & Analytical Problem Solving
- Topics: General Insurance (Property & Casualty); General Insurance (Property & Casualty)>Pricing/ratemaking - General Insurance; Health & Disability; Health & Disability>Rates - Health & Disability