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.
You can Login to access if you are already registered.
Thank You!
Download White PaperMore Program Information
