Ratemaking, Regulatory, and Rating Agency Support
Navigate ratemaking, regulatory, and rating agency challenges with the help of AIR expert consultants.
Are you spending more and more resources on meeting the demands of increasingly complex regulatory and rating agency regimes? AIR's experienced industry and regulatory specialists can help you meet regulatory challenges and rating agency requirements more efficiently so you can get back to growing your business.
Get answers to regulatory questions of today and tomorrow.
AIR consultants work with you to help develop a strategy that meets current and future regulatory challenges. We help you better understand the science and assumptions behind AIR models and their inherent uncertainties, and arm you with targeted responses to regulators’ and rating agency questions, providing them with an enhanced understanding of how model results are used. With AIR support, insurers and reinsurers can demonstrate the integrity of their exposure data and catastrophe loss analyses to satisfy the strictest regulatory and rating agency requirements.
Avoid underestimations in ratemaking decisions.
When setting rates, considering only historical losses could result in gross underestimations. Using AIR models and industry exposure databases, AIR consultants and actuaries are uniquely able to provide ratemaking analyses that account for the full range of plausible events by blending modeled losses with loss experience data, ensuring sound pricing that covers tail risk and helps you achieve your goals.
Develop comprehensive responses for rating agency questionnaires.
Achieving a high rating from the likes of A.M. Best, Demotech, Fitch, Moody’s, and Standard & Poor’s can give your company a competitive advantage in the marketplace. The annual Supplemental Rating Questionnaire (SRQ), for example, is a fundamental part of A.M. Best’s rating process, and key SRQ data are also linked to your Best’s Capital Adequacy Ratio (BCAR) result. AIR consultants can help you develop comprehensive responses to the SRQ on geocoding, property attributes, data verification, bulk coding, and more. We offer documentation and guidance in answering similar questionnaires from other agencies.
Ratemaking, Regulatory, and Rating Agency Support That Meets Your Needs
Based on your organizational needs, we create a custom plan to address your strategic goals, which may include any or all of the following:
Insurers & Reinsurers
- Regulatory Compliance
- Risk Profile Development
- Standards of Practice
- Legislation Guidance
- Data Services
- Model Vetting
- Comparative Analysis
- Data Standards
- Planning and Risk Assessment
- Portfolio Analysis
- Change Management
- Data Quality Assessment
- Model Development and Validation
- Peril Hazard Maps
- Securitization Calculation