MODERATOR
:
PANELIST
(S):
Louis Gariepy, Chief Actuary, ACE Bermuda Insurance Company, Ltd.
Michael Quigley, Chief Actuary - Broker Market, Munich Re America, Inc
Description
The Rate Monitoring process has evolved considerably over the past decade. Most primary insurance companies have developed rate monitors with varying sophistication. The process is fairly straightforward for operations writing only Primary business, since policy limits and deductibles are generally somewhat contained and stable. However, for operations writing Excess/ Umbrella business, or certain non-standard lines of business, such as D&O, the process becomes more complex. This session will explore some approaches taken by such entities.