1. Review of ISO’s New ILF Tables
June 16, 2000
beyond
The Box
Thinking
Jerome A. Degerness
Seminar on Reinsurance
Casualty Actuaries in Reinsurance Committee on Reinsurance Research

2. ISO’s New ILF Tables Overview of the Session Recent ISO ILF Changes
Reinsurance Company Perspective
Intermediary Perspective

3. ISO’s New ILF Tables Intermediary Considerations
Underlying Coverage & Reinsurance Terms
Limits
Deductibles
Attachment Points
Treatment of ALAE
Transition Rules
Do limits affect severity?
Is ALAE Independent of Policy Limit?

4. ISO’s New ILF Tables Buyer’s Experience - Possible Scenarios
Writes high limits and has a high incidence of large losses.
Writes high limits, but has a low incidence of large losses.
Plans to write higher limits, has no large loss experience.

5. ISO’s New ILF Tables Experience and Exposure Analysis - Information
Loss and ALAE
Limits
Subject Premium, lines, etc.
Reinsurance Options to be Considered
Does the company write Excess/Umbrella over its own or other carriers policies?

6. ISO’s New ILF Tables Risk Load Buyer’s perspective
Reinsurance Company perspective