NAIC.Price - Revision history

Graham at 15:06, 27 January 2026

2026-01-27T15:06:49Z

Graham at 15:05, 27 January 2026

2026-01-27T15:05:58Z

Graham at 20:20, 27 November 2025

2025-11-27T20:20:55Z

Graham at 20:20, 27 November 2025

2025-11-27T20:20:46Z

Graham at 00:43, 2 June 2025

2025-06-02T00:43:22Z

Graham: /* CHEAT SHEET */

2025-05-17T14:31:32Z

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Graham: /* CHEAT SHEET */

2025-05-17T14:30:58Z

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Graham: /* CHEAT SHEET */

2025-05-17T14:30:26Z

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Graham: /* CHEAT SHEET */

2025-05-17T14:28:35Z

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Graham: /* CHEAT SHEET */

2025-05-17T14:27:49Z

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@@ Line 215: / Line 215: @@
 ::: <span style="color: green;">'''paragraph 35'''</span>
 ::: &nbsp;&nbsp; - <s>doesn't unfairly discriminate ''(low-income customers are <u>more</u> likely to shop around and <u>not</u> be penalized by non-cost-based increases)''</s>
-:::: ''(See [https://www.battleacts6us.ca/vanillaforum6us/discussion/938/naic-price-propensity-to-shop#latest this discussion thread])''
+:::: ''(See [https://battleacts.discourse.group/t/naic-price-propensity-to-shop/3315 this discussion thread])''
 ::: &nbsp;&nbsp; - provides more accurate pricing ''(neither inadequate nor excessive)''
 ::: <span style="color: green;">'''paragraph 37'''</span>

@@ Line 59: / Line 59: @@
 [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=NAIC&suffix=Price&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
-&nbsp;&nbsp;[https://www.battleacts6us.ca/vanillaforum6us/categories/naic-price<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
+&nbsp;&nbsp;[https://battleacts.discourse.group/c/candidates-6u/naic-price/203<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
 ==In Plain English!==

← Older revision		Revision as of 20:20, 27 November 2025
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	'''Author''': National Association of Insurance Commissioners, Casualty Actuarial and Statistical Task Force		'''Author''': National Association of Insurance Commissioners, Casualty Actuarial and Statistical Task Force
−
−	[https://www.battleacts6us.ca/vanillaforum6us/categories/naic-price<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]

	[https://battleacts.discourse.group/c/candidates-6u/naic-price/203<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]		[https://battleacts.discourse.group/c/candidates-6u/naic-price/203<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]

← Older revision		Revision as of 20:20, 27 November 2025
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	[https://www.battleacts6us.ca/vanillaforum6us/categories/naic-price<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]		[https://www.battleacts6us.ca/vanillaforum6us/categories/naic-price<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
		+
		+	[https://battleacts.discourse.group/c/candidates-6u/naic-price/203<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
		+	[https://www.battleacts6us.ca/vanillaforum6us/categories/naic-price ''   (Or click here for Legacy Forum – no longer monitored)''</span>]

	<span style="display: inline-block; background-color: blue; color: white; font-weight: bold; text-align: center; line-height: 50px; width: 50px; height: 50px; border-radius: 50%;">VIDEO</span> →		<span style="display: inline-block; background-color: blue; color: white; font-weight: bold; text-align: center; line-height: 50px; width: 50px; height: 50px; border-radius: 50%;">VIDEO</span> →

← Older revision		Revision as of 00:43, 2 June 2025
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	[https://www.battleacts6us.ca/vanillaforum6us/categories/naic-price<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]		[https://www.battleacts6us.ca/vanillaforum6us/categories/naic-price<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
		+
		+	<span style="display: inline-block; background-color: blue; color: white; font-weight: bold; text-align: center; line-height: 50px; width: 50px; height: 50px; border-radius: 50%;">VIDEO</span> →
		+	[https://battleacts6us.ca/video/320_Price_Optimization_(v01).mp4 <span style="color: black; font-size: 12px; background-color: aqua; border: solid; border-width: 2px; border-radius: 10px; border-color: aqua; padding: 5px 10px 5px 10px; margin-top: 100px;">'''(4:15) → Price Optimization - General Overview'''</span>]
		+	([[Videos \|Click here for all currently available videos.]])

	{\| class='wikitable' style='background-color: navajowhite;		{\| class='wikitable' style='background-color: navajowhite;

@@ Line 325: / Line 325: @@
 ===CHEAT SHEET===
-{| class="wikitable sortable"
+{| class="wikitable"
 ! Topic
 ! Key Points

@@ Line 341: / Line 341: @@
 | Measures how sensitive consumer demand is to price changes. High elasticity = more likely to shop around.
 |-
-| Traditional vs <span style="color: green;">Price Optimization</span>
+| Traditional vs <span style="color: green;">'''Price Optimization'''</span>
 | Traditional = broad, cost-based, subjective. <span style="color: green;">'''PO'''</span> = granular, demand-based, model-driven.
 |-
@@ Line 347: / Line 347: @@
 | <span style="color: green;">'''PO'''</span> can create unfair pricing not based on risk. May violate laws requiring fairness and cost-basis.
 |-
-| <span style="color: red;">Unfairly Discriminatory Practices</span>
+| <span style="color: red;">'''Unfairly Discriminatory Practices'''</span>
 | <span style="color: red;">Elasticity of demand, retention modeling, complaint likelihood, or shopping behavior if not cost-based.</span>
 |-

@@ Line 341: / Line 341: @@
 | Measures how sensitive consumer demand is to price changes. High elasticity = more likely to shop around.
 |-
-| Traditional vs Price Optimization
+| Traditional vs <span style="color: green;">Price Optimization</span>
-| Traditional = broad, cost-based, subjective. PO = granular, demand-based, model-driven.
+| Traditional = broad, cost-based, subjective. <span style="color: green;">'''PO'''</span> = granular, demand-based, model-driven.
 |-
 | Why Regulators Care
-| PO can create unfair pricing not based on risk. May violate laws requiring fairness and cost-basis.
+| <span style="color: green;">'''PO'''</span> can create unfair pricing not based on risk. May violate laws requiring fairness and cost-basis.
 |-
 | <span style="color: red;">Unfairly Discriminatory Practices</span>
@@ Line 351: / Line 351: @@
 |-
 | Required Disclosures in Filings
-| Was PO used, what factors are impacted, rate differences for similar risks, data and model disclosures.
+| Was <span style="color: green;">'''PO'''</span> used, what factors are impacted, rate differences for similar risks, data and model disclosures.
 |-
 | Regulatory Recommendations

@@ Line 329: / Line 329: @@
 ! Key Points
 |-
-| Definition: Price Optimization
+| '''Definition''': Price Optimization
 | Uses models to adjust prices based on business goals (e.g. retention, profit), not just expected losses.
 |-
-| Definition: Cost-Based Rate
+| '''Definition''': Cost-Based Rate
 | Rate based on expected future costs (claims, expenses, profit). Fully actuarial.
 |-
-| Definition: Actuarial Judgment
+| '''Definition''': Actuarial Judgment
 | Subjective rate tweaks based on experience, used when data is limited or unclear.
 |-
-| Definition: Price Elasticity of Demand
+| '''Definition''': Price Elasticity of Demand
 | Measures how sensitive consumer demand is to price changes. High elasticity = more likely to shop around.
 |-