Gain an understanding of RRPs and the loss formulas.
Retrospective Rating Programs (RRP) is a type of insurance pricing tool used in workers’ compensation insurance to reward or penalize insureds based on loss ratio performance. The RRP is a loss sensitive pricing mechanism which means that the ultimate cost of coverage to the policyholder is a function of the losses that have occurred during the policy period. This white paper reviews RRPs and discusses several types of RRP loss formulas.
Agenda
Faculty
Chris Conti
RiskWise Safety Consulting LLC
- Owner/President RiskWise
- Practice includes safety, insurance and claims
- RiskWise has many articles available to inform readers on OSHA safety, risk management topics and labor
- Member, American Society of Safety Engineers (ASSE); Society of Chartered Property Casualty Underwriters (CPCU); Committee Member of the Loss Control Section Society of CPCU
- Board Certified Safety Professional (CSP); associate in Loss Control Management (ALCM); Chartered Property and Casualty Underwriter (CPCU); associate in Risk Management (ARM); Certified Insurance Counselor
- B.S.B.A. degree; graduate of the University of Louisiana at Lafayette (formerly USL)
- Can be contacted at 225-413-7542 or [email protected]
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