Rate Dislocation Analysis demo
Before a rate or rule change is filed, see who pays how much more, who needs capping and how many notices it triggers. 1:12
What the demo shows
A pricing solution for actuaries that shows who pays more under a rate change before filing.
Every in-force policy re-rated in seconds under the proposed rates: a histogram of premium changes reshaped by a slider per rating factor, the policyholders in the +25% tail with the factor behind each increase, a cap checked against the rate-stability standards, notices and nonrenewals by renewal month, and filing exhibits drafted from the same run. The actuary signs, and the head of personal lines approves.
Transcript
- Rate Dislocation Analysis shows actuaries who pays more under a rate change, before filing.
- As indicated, the Texas book rises 12%, yet 23,000 homeowners pass 25%.
- Priya clicks the tail and sees the people, mostly north of Dallas, older roofs, where hailed territory adds 21%.
- She moves territory to 60%.
- The tail shrinks to 9,000.
- A 25% cap catches the rest for $1.5 million in year one.
- The same run counts every notice and finds the workbook $1,600 short.
- The filing exhibits come from that run, so every number ties.
- Tom approves pre-assigns, capping in notice counts known before the filing goes in.
- Built on Botminds: agents, data, screens, and governance on one platform.
Transcribed from the film’s narration. Captions are on the player.