Description: A non-technical review of two recent general insurance articles published in the SOA's North American Actuarial Journal. The articles reviewed analyze Pay-As-You-Drive Insurance and Usage-Based Insurance.

Description: To evaluate the risk associated with personal auto coverage, insurers have traditionally relied on information about the driver (such as age, gender and marital status), location (such as territory or ZIP code), the intended use of the vehicle (such as business or pleasure) and information about the vehicle when new (such as original cost). Insurers then added detail to driver information using sophisticated credit scoring and demographic models, and added detail to vehicle use information with telematics and usage-based insurance pricing. Now, insurers are adding detail about the vehicle itself using vehicle history. The presenters will discuss how carriers use vehicle history to more accurately price and underwrite risks. They will discuss obvious data elements, such as salvage title brands, verified average annual mileage and severe damage, as well as data that may not be as obvious but has proven predictive of loss in the past. Finally, using vehicle history as an entry point for UBI programs will be covered.

Description: The transportation industry is in the early stages of profound changes, due to development of sophisticated driving safety and automation technologies.

Description: This paper provides an overview of deductible ratemaking , and the pros and cons of various approaches under different parametric models are compared

Description: NAIC Approves SOA GI Track for Qualified Actuary Education.