ReiPT ProR

ReiPT ProR Pro-rata pricing tool provides a range of features and functions to facilitate your Proportional Treaty pricing decisions.

Allow pricing of clean-cut and run-off basis accounts.
Allow up to three classes/sections to be priced at the same time (if required can be extended to more classes/sections).
Option to use underwriting cycle/premium rate changes with assumption settings.
Analyse loss ratios by segregating them into non-catastrophe attritional and large, and catastrophe losses.
Use actuarial methods (Chain Ladder and Bornhuetter-Ferguson) for loss ratio projections.
Use experience based Frequency/Severity method for large losses.
Allow exposure based loss ratio selection where historical experience is sparse.
For catastrophe losses, provide options to use Occurrence Exceedance Probability (OEP) curves from catastrophe loss models or a Pareto curve based method.
Allow multi-peril types (Earthquake, Windstorm, Flood and others) to be included in pricing.
Allow Treaty features such as Loss Participation Clause (LPC), and Flat and Sliding Scale commissions.
Provide recommendations on optimal commissions based on ROE (Return on Equity) requirements.
For run-off classes, provide pricing on both undiscounted and discounted (Net Present Value) basis.

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