Home Breadcrumb caret Partner Content Breadcrumb caret Announcements Breadcrumb caret Events Insurance Institute of Ontario- Member Bonus: Rate Making A complimentary session to get an overview about the rate making process Join us for this complimentary webinar created for IIO members Rate making is the process of assessing adequate premium levels – but the big challenge is that premiums are obviously collected before losses occur. How much should be charged in today’s premiums for […] June 4, 2024 | Last updated on September 10, 2024 1 min read A complimentary session to get an overview about the rate making process Join us for this complimentary webinar created for IIO members Rate making is the process of assessing adequate premium levels – but the big challenge is that premiums are obviously collected before losses occur. How much should be charged in today’s premiums for tomorrow’s unknown losses? This one-hour webinar provides you with clarification and a refresher of the key concepts related to this high-interest topic. At the end of this webinar, you will be able to explain the purpose of rate making in the broader context of calculating premiums based on risk, explain how quantitative and quantitative date is used to make a rate (ie. calculate the rate) and escribe how the rate is used to calculate premiums
