AAIS Products and people you can rely on

Actuarial Services

AAIS programs are backed up by a team of actuarial specialists with the data, expertise, and tools needed to deliver credible, refined rating information for more than 34 programs in more than 50 jurisdictions.

Drawing on AAIS's extensive database of countrywide premium and loss data, this team develops all the essential components of rating plans:

  • Rate indications;
  • Loss costs;
  • Territorial definitions and relativities; and
  • Rating relativities across a variety of other policy characteristics..

Beyond that, this team has been at the forefront in developing new, more refined approaches to rating, most notably the Homeowners By-Peril Rating Plan, sales-based liability rating in agriculture, and a simplified, stand-alone plan for rating earthquake coverage.

The AAIS actuarial team works with leading-edge statistical and predictive models to execute rigorous and systematic analysis of insurance data collected by AAIS and other risk-related data acquired from public and private sources.

The team also utilizes modeled catastrophe results derived from leading catastrophe modelers.

Serving Companies

For all its sophisticated capabilities, the AAIS actuarial team prides itself on the practical approaches it takes on behalf of our customers.

For example, every potential rate revision derived from data analysis is subjected to additional analysis to determine how it would impact overall rates. Adjustments are made to strike an appropriate balance between stability of rates and responsiveness to developing trends. In doing so, AAIS actuaries are mindful of the business needs of our customers..

As an extension of this practical orientation, AAIS has been commissioned by individual companies to analyze the rate impact of by-peril rating on their books of business and identify potential benefits of adopting AAIS rating plans.

Consulting Capabilities

Companies of all sizes find that AAIS actuarial resources can provide a valuable complement to their own actuarial operations, especially as they consider moving into new markets or exploring the use of new rating variables.

In a consulting capacity, AAIS actuaries are prepared to:

  • Review company experience and analyze company rate levels;
  • Integrate AAIS data to establish credibility where needed;
  • Analyze custom coverages or endorsements to suggest loss costs;
  • Analyze company options for modifying AAIS loss costs, territorial relativities, or other rating factors;
  • Calculate the impact of changes to AAIS loss costs and relativities on a company's book of business;
  • Calculate company loss cost multipliers;
  • Calculate rates from AAIS loss cost tables and company multiplier, and produce company rate tables; and
  • Assist in completing filing forms and developing exhibits to support rate filings.

Insurance companies seeking more information on AAIS products and services can contact membership@aaisonline.com, by completing our contact form or by calling 800.564.AAIS x3289.

Service Components

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