Burglary Insurance Ratemaking, [Author's Review]

As mentioned in the presentation of this paper to the Casualty Actuarial Society in November, 1966, its purpose is simply to describe current ratemaking procedures for burglary insurance, and to provide the casualty actuarial student with some insight into the reasons underlying these procedures and why they may differ from those common to other lines of business. In the following discussion, I have tried to clarify certain areas in which interest has been expressed--particularly the development of the Master Rate Table and the use of trend factors.