Presentation on theme: "Review of ISO’s New ILF Tables"— Presentation transcript:
1Review of ISO’s New ILF Tables June 16, 2000beyondThe BoxThinkingJerome A. DegernessSeminar on ReinsuranceCasualty Actuaries in Reinsurance Committee on Reinsurance Research
2ISO’s New ILF Tables Overview of the Session Recent ISO ILF Changes Reinsurance Company PerspectiveIntermediary Perspective
3ISO’s New ILF Tables Intermediary Considerations Underlying Coverage & Reinsurance TermsLimitsDeductiblesAttachment PointsTreatment of ALAETransition RulesDo limits affect severity?Is ALAE Independent of Policy Limit?
4ISO’s New ILF Tables Buyer’s Experience - Possible Scenarios Writes high limits and has a high incidence of large losses.Writes high limits, but has a low incidence of large losses.Plans to write higher limits, has no large loss experience.
5ISO’s New ILF Tables Experience and Exposure Analysis - Information Loss and ALAELimitsSubject Premium, lines, etc.Reinsurance Options to be ConsideredDoes the company write Excess/Umbrella over its own or other carriers policies?
6ISO’s New ILF Tables Risk Load Buyer’s perspective Reinsurance Company perspective