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General Insurance Premium Rating — The Way Forward. Summary of the Recommendations of the General Insurance Premium Rating Working Party (GRIP)

Published online by Cambridge University Press:  10 June 2011

J. D. Anderson ,
C. G. Bolton ,
G. L. Callan ,
M. Cross ,
S. K. Howard ,
G. R. J. Mitchell ,
K. P. Murphy ,
J. C. Rakow ,
P. A. Stirling  and
G. E. Welsh
J. D. Anderson
Affiliation:
Institute of Actuaries, Staple Inn, High Holborn, London WC1V 7QJ, U.K.
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Abstract

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The General Insurance Premium Rating Issues Working Party (GRIP) was established by the General Insurance Board of the Faculty and Institute of Actuaries in 2005 to review actuarial involvement in premium rating issues, pricing being one of the key areas in which actuaries work.

GRIP published a full report in January 2007, which is available at www.actuaries.org.uk/grip. This short paper summarises the recommendations of that full report. Further background, discussion and the rationale for these recommendations are set out in more detail in the full report.

Keywords

General InsuranceNon-LifeP&CPremium RatingPricingRatemakingRole of the ActuaryCommunicationEducationCPDProfessional GuidanceGN12Treating Customers FairlyPremium Rating ManualWiki
Type
Sessional meetings: papers and abstracts of discussions
Information
British Actuarial Journal , Volume 13 , Issue 3 , 01 September 2007 , pp. 637 - 644
Copyright
Copyright © Institute and Faculty of Actuaries 2007

References

Anderson, J.D., Bolton, C.G., Callan, G.L., Cross, M., Howard, S.K., Mitchell, G.R.J., Murphy, K.P., Rakow, J.C., Stirling, P.A. & Welsh, G.E. (2007). GRIP General Insurance Premium Rating Issues Working Party. www.actuaries.org.uk/gripGoogle Scholar