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This is all the information I got. Please answer ASAP. Thanks! Given the following information, use two-step trending to calculate EPAPR at prospective levels in
This is all the information I got. Please answer ASAP. Thanks!
Given the following information, use two-step trending to calculate EPAPR at prospective levels in total, for all historical periods given:
Semi-annual policies, written uniformly throughout the year
Projected premium trend = 10%
Proposed rate effective date is 10/1/2022
Rates will be in effect for 2.5 years
Calendar Qtr 201901 201902 2019Q3 201904 202001 202002 EPAPR 1,500,000 1,600,500 1,500,000 1,900,000 2,000,500 2,100,000 Avg EPAPR 1,900 1,050 1,150 1,850 1,900 2,050 Avg On-Leveled WP 1,000 1,050 1,100 1,900 2,000 2,500 Calendar Qtr 201901 201902 2019Q3 201904 202001 202002 EPAPR 1,500,000 1,600,500 1,500,000 1,900,000 2,000,500 2,100,000 Avg EPAPR 1,900 1,050 1,150 1,850 1,900 2,050 Avg On-Leveled WP 1,000 1,050 1,100 1,900 2,000 2,500Step by Step Solution
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