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History ASAP by Actuarial Services and Programs Provides instant access to state and countrywide direct experience for reporting on state filing forms.

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Presentation on theme: "History ASAP by Actuarial Services and Programs Provides instant access to state and countrywide direct experience for reporting on state filing forms."— Presentation transcript:

1 History ASAP by Actuarial Services and Programs Provides instant access to state and countrywide direct experience for reporting on state filing forms.

2 Purpose of Program State filing forms request the company’s countrywide and state direct experience for the filed line of business. The company’s countrywide and state experience published in its Annual Statement Page 14 and Insurance Expense Exhibit is extracted and allocations made to a selected State and line(s) of business detail level for up to 5 years to satisfy State filing form requirements.

3 Experience Detail Available Written Premium Earned Premium Unearned Premium Reserves Agent Balances Other Income less Other Expenses Pre-Tax Profit or Loss Excluding All Investment

4 Experience Detail (cont.) Incurred Losses Paid Losses Unpaid Losses Incurred Defense & CC Expenses Paid Defense & CC Expenses Unpaid Defense & CC Expenses Incurred Adjusting & Other Expenses Unpaid Adjusting & Other Expenses

5 Experience Detail (cont.) Commissions Other Acquisition Expenses General Expenses Taxes, Licenses and Fees Dividends to Policyholders

6 Experience Entry or Loading Three methods are provided: 1. Manual entry on screens 2. Text file loading 3. Retrieval of a prior analysis

7 Source of Experience Annual Statement – Page 14 Insurance Expense Exhibit Files are created and retained for future access: IEE (same file as used by Expenses ASAP) Page 14 (same file as used by Expenses ASAP)

8 Data Selection: Company State Line(s) of Business ( 1 or more ) Number of years to review ( 1 to 5 years with total ) Latest year under review

9 Countrywide IEE Experience Allocated to State Line of Business Level for: Other Acquisition Expenses General Expenses Incurred Adjusting & Other Expenses Unpaid Adjusting & Other Expenses Agent Balances Other Income less Other Expenses

10 Exhibit Produced Countrywide & Selected State Experience Up to 5 years of experience & resulting total A standard set of the most requested experience, and ratios is displayed Display can be modified to select any of the 19 experience elements, and each ratio can be to any of the 19 elements too. This flexibility allow for displaying such as: Commissions / Written Premium General Expenses / Earned Premium Defense &CC Expenses / Incurred Losses

11 Built-in User Conveniences Tab sequenced through program, with current focus highlighted in yellow. Required steps highlighted and cannot be extinguished until executed. Home page summaries the experience selected. Creates output file for later retrieval in full detail. This file can also be retrieved in Excel, and the amounts copied and pasted into State filing forms.

12 Printable Input Screens State Page 14 – All direct experience items by Line of Business for selected year. Insurance Expense Exhibit – All direct experience items by Line of Business for selected year.

13 History ASAP Requirements Visual Basic Program for PC use Need Windows platform Size: 1.0 MB Reads and writes ASCII text files created by program or easily obtained from Excel files and editable as notebook files:.txt

14 History ASAP Contact Information History ASAP is designed, produced and marketed by: R. Stephen Pulis, ACAS, MAAA Actuarial Services and Programs 1155 Flagmore Drive Katy, TX 77450 (281) 579-2474 ASAP321@aol.com www.ACTUARIAL.BIZ See Price Sheet for costs to purchase or rent.Price Sheet


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