Fisher.ExpRating
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Reading: Fisher, G., et al., "Individual Risk Rating Study Note" CAS Study Note Version 3 October 2019, Chapter 1
Synopsis: To follow...
Study Tips
...your insights... To follow...
Estimated study time: x mins, or y hrs, or n1-n2 days, or 1 week,... (not including subsequent review time)
BattleTable
Based on past exams, the main things you need to know (in rough order of importance) are:
- fact A...
- fact B...
reference part (a) part (b) part (c) part (d) E (2018.Spring #1) E (2018.Spring #1) E (2018.Spring #1) E (2018.Spring #1) E (2018.Spring #1) E (2018.Spring #1) E (2018.Spring #1) E (2018.Spring #1)
In Plain English!
Experience rating is the use of an insured's past loss experience to determine rates for a future exposure period. An experience rating plan is the set of rules, definitions, formulas, etc. which are needed to calculate such a rate. The experience rating plan generally produces a multiplicative factor called the experience modification or e-mod.