Gillam Snader, Exper. Rating推荐.pdf

2014-CAS8 §1 Gillam Snader, Experience Rating HCM 5/13/14, Page 8 2 Section 1, Gillam Snader, Part 1, Experience Rating 3 Outline of Gillam and Snader: Part 1. Experience Rating A. No Split Experience Rating 1. The Basic Formula for experience rating 2. Analysis and Interpretation 3. A special adaptation, The Surety Association Plans 4. Credibility 5. Credibility Criteria 6. The K Formula for Experience Rating B. Single Split and Multi-Split Plans 1. The Split Plan Formula 2. Analysis and Interpretation C. Perryman ʼs First Formula 1. The Three Cases 2. Credibilities for Perrymanʼs First Formula D. The Revised Experience Rating Plan4 E. Primary Value Formulas 1. Single Split Plan 2. The 1940 Multi-Split Plan 3. The 1961 Multi-Split Plan Part 2. Retrospective Rating Part 3. Related Topics More important sections and items in bold. Less important sections and items in italics. 2 “Fundamentals of Individual Risk Rating” by William R. Gillam and Richard H. Snader. For Part 1, see CAS Learning Objectives: B1 and B3 3 Parts 2 and 3 are covered in later sections of this study guide. 4 This refers to the 1991 version of the NCCI W.C. Experience Rating Plan. See the syllabus reading for revisions to this plan made in 1998. 2014-CAS8 §1 Gillam Snader, Experience Rating HCM 5/13/14, Page 9 Formulas and Important Ideas: Split Plan: each loss is divided into primary and excess pieces. Primary ⇔ Frequency. Excess ⇔ Severity. Single Split Plan: One split point for dividing losses