Casualty Actuarial Society

Research

98 MA PP Auto - Cash Flows - PD Coverages - Premiums, Expenses and Losses

1998 Massachusetts Private Passenger Automobile
Cash Flows-Physical Damage Coverages
Premiums,Expenses and Losses
Initial Relative Loss and Expense Weights
Quarter (1)




Premium
(2)



Premium
Taxes
(3)




Commissions
(4)



Other
Expenses
(5)
=(2)+(3)=(4)


Total
Expenses
(6)




Losses
(7)
=(5)+(6)
Total Losses
and Expenses
0 192.000 0.000 0.000 27.220 27.220 0.000 27.220
1 391.000 23.000 131.100 40.830 194.930 204.434 399.364
2 215.000 0.000 0.000 27.220 27.220 188.191 215.411
3 159.000 0.000 0.000 20.415 20.415 175.421 195.836
4 42.000 0.000 0.000 20.415 20.415 187.981 208.396
5 1.000 0.000 0.000 0.000 0.000 17.790 17.790
6 0.000 0.000 0.000 0.000 0.000 -26.934 -26.934
7 0.000 0.000 0.000 0.000 0.000 -13.576 -13.576
8 0.000 0.000 0.000 0.000 0.000 -7.534 -7.534
9 0.000 0.000 0.000 0.000 0.000 -5.507 -5.507
10 0.000 0.000 0.000 0.000 0.000 -3.664 -3.664
11 0.000 0.000 0.000 0.000 0.000 -2.527 -2.527
12 0.000 0.000 0.000 0.000 0.000 -1.537 -1.537
13 0.000 0.000 0.000 0.000 0.000 -1.102 -1.102
14 0.000 0.000 0.000 0.000 0.000 -0.766 -0.766
15 0.000 0.000 0.000 0.000 0.000 -0.464 -0.464
16 0.000 0.000 0.000 0.000 0.000 -0.342 -0.342
17 0.000 0.000 0.000 0.000 0.000 -0.119 -0.119
18 0.000 0.000 0.000 0.000 0.000 0.042 0.042
19 0.000 0.000 0.000 0.000 0.000 0.012 0.012
20 0.000 0.000 0.000 0.000 0.000 0.000 0.000
               
Total 1000.000 23.000 131.100 136.100 290.200 709.799 999.999
               
Weights for premiums, commissions, other expenses and losses are chosen to preserve loss to expense ratios in the Commissioner's Decision on 1997 rates.
Weight for premium tax is 0.0230      
Weight for commission is 0.1311      
Weight for other expense is 0.1361      
Weight for loss is 0.7098