Investor Presentaiton
.
2022 Ratemaking Report
Experience Indication
• Based on PY 17&18 and AY 18&19
• Same time periods as the 2021 Report
Split Trend Period
•
4/1/2019 3/31/2020
.
⚫ Full Selected Trend
•
Half Selected Trend
• 4/1/2020 - 1/1/2023
MWCIA
years
Comments
■ The 2022 Ratemaking Report
contemplated the pandemic in two
1.
2.
ways:
The experience indication used in
ratemaking for 2022 was
developed from Policy Years 2017
and 2018 and Accident Years 2018
and 2019. This is the same period
as the 2021 Ratemaking report and
also pre-pandemic. Experience
during the pandemic is not
expected to be predictive of the
future.
Once again, a split trend period
was used to account for
uncertainty and differences during
the trend period. The first period is
pre-pandemic. The second period
represents the pandemic era and
recovery. Half of the pre-pandemic
trend was selected during the
second period to represent some
recovery but also reflect the
uncertainty around timing.
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