TEST
Test the action before you commit
Compare potential rate strategies and understand the trade-off between premium volume and underwriting performance.
The measures, explained
- CCR
- Claims and Commission Ratio: claims and commission as a percentage of earned premium, excluding overhead expenses.
- IBNR
- Incurred But Not Reported: reserves for claims costs yet to emerge in full.
- Attritional claims
- More frequent, lower-value claims, distinct from separately classified large and weather losses.
Set up alternative scenarios
Create drafts for different rate actions and save snapshots as bounces. Explore which segments to adjust and by how much, with explicit assumptions about retention and new business.
Compare each scenario with the base
Compare projected GWP and CCR against the base result. Assess how each scenario changes the balance between premium volume and underwriting performance.
Look beyond the immediate effect
Review the impact on the current year and next year as rate changes earn through. Assess both the near-term effect and the fully earned position under the selected earning pattern.
Choose a course of action with the implications in view
Projections depend on the selected assumptions, including customer response and premium earning patterns.
Let’s put it into practice
See how this could work for your portfolio
A portfolio challenge, an upcoming review or a different way of working. Let’s explore it together.
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