Statement of Principles Regarding Property and Casualty Insurance Ratemaking

The purpose of this Statement is to identify and describe principles applicable to the determination and review of property and casualty insurance rates. The principles in this Statement are limited to that portion of the ratemaking process involving the estimation of costs associated with the transfer of risk.

The Statement was originally published in 1988, rescinded by the CAS Board of Directors in 2020, and reinstated in 2021 for reference for U.S.-regulated ratemaking.

Download the Statement of Principles

See the archived Statements of Principles webpage for two rescinded Statements of Principles on unpaid claims estimates and valuation.