Pricing and Ratemaking in Plain English
Learn the pricing skills and rate making concepts and techniques that will let you do your own pricing, or support your company’s actuaries.
Please click on the following to learn more about our Pricing and Ratemaking in Plain English Seminar.
- List of the tools you will learn
- You can handle the pricing for your products if you can add, subtract, multiply, and divide.
- Who should attend?
- What will you learn?
- When you leave this seminar, you will know:
- Seminar Program Outline
- Comments from recent attendees
- Companies whose employees have attended this seminar
List of the tools you will learn
In just two days, and in plain English, this comprehensive seminar will show you:
- How to make a profit in every segment of your business
- How rate relativities make pricing easier and rate comparisons simpler
- How to avoid adverse selection through better understanding of market segmentation and risk selection
- What effect your expense ratio, reserves, tails, loss development and credibility have on your ability to properly price your products
- How to easily handle your own rate revisions, even without the help of an actuary
You can handle the pricing for your products if you can add, subtract, multiply and divide.
That may sound hard to believe, but it’s true. This seminar will teach you all the basic skills needed. It’s easy and can be done by almost anyone involved with product design or development, underwriting or marketing.
In fact, the real skill isn’t in the numbers at all. It’s in the concepts and ideas. This seminar will cover them in a complete and easy way. We have designed this two-day program to teach you the hows, whys, and whats of pricing and rate making. And, best of all, this program uses a “plain English” approach that you’ll grasp right from the beginning.
Some insurance people feel there’s a certain “mystique” to pricing and think only an actuary can set rates. Not so. After this two-day program, anyone in product design, underwriting, marketing or general management should be able to correctly set prices for their products in a way designed to make an underwriting profit. When you leave this course, you’ll have a practical understanding of all the essentials behind pricing and rate-making. You’ll learn, step-by-step, how to analyze your book of business and make profitable pricing decisions. You’ll also leave with a detailed workbook including both class and additional exercises that clearly demonstrates the approach. You will be ready to test your knowledge and put the skills to work the day you get back. This course doesn’t cover theory; it covers a full range of bottom-line, applicable skills.
The most successful P&C products require significant input and involvement from the people closest to the product and the market. Whether you expect to do the pricing yourself, or need to work with and understand the actuaries and others who handle the pricing, this seminar will give you the knowledge and skills you need and the confidence to create more profitable products.
Who should attend?
- Product managers, underwriting managers, marketing managers and others directly involved with the product.
- Actuarial trainees, analysts and support staff; product, pricing and rate analysts.
- Anyone who needs to understand the pricing and rate making aspects of their products.
- Anyone who needs additional knowledge to improve their product’s profitability.
- Anyone who works with actuaries and wants to better understand what they do and why.
What will you learn?
Risk Selection and Market Segmentation
How to determine good and bad risks. How to differentiate your product from your competition. How to profitably segment a market. Three ways to create profit making niche-markets.
Company Profitability and the Expense Ratio
What makes a product profitable. How the expense ratio critically affects your ability to price. How to figure the exact loss ratio needed to make a profit.
Rates and Relativities
What is a rate relativity. How relativities are used for product pricing. How an expense constant or policy fee affects pricing. Three methods to use for effective rate comparisons.
The Right Accounting Method for Pricing
How to use each of the three methods of accounting for pricing. How each method calculates premiums and losses. Which is the single best method for pricing.
Loss Reserves, Product Tails and Loss Development
How reserves are counted and analyzed. Why the length of a product’s tail affects your accuracy. How to calculate loss development and why it is almost never exactly correct. Why judgment and product knowledge are so critical in the calculation.
Trend Analysis and Other Key Calculations
What is trending and why is it used. When do you trend both losses and premiums. Three ways to calculate earned premium at current rate level.
Credibility Analysis – Pros and Cons
What is credibility analysis. Why it is used and how it is determined. What are the problems with this approach. How you can improve your product’s credibility.
The Basics of Rate Making
The four key items you must know to set prices. Why exposure counts are so critical to the pricing process. How to determine appropriate rating variables and properly price each one.
The Rate Revision Process
When is the right time to change rates and by how much. How to actually make the rate change. How to determine the overall change that you have taken. Why the actual results rarely equal the change you tried to take.
When you leave this seminar, you will know:
- the REAL difference between good and bad risks
- why every ONE dollar saved in expenses can lower rates by up to TWO dollars
- how to do a rate comparison even when the competition has 1,000 or more different rates
- how to make it more difficult for your competitors to figure out your rating structure
- how to set your rates even when your data is “not credible”
- why loss development analysis rarely gives you the exact correct answer
- why and when you have to adjust both premium and losses for trend
- how you can set your rates with only four items of data
- why you need to increase your rates even when your loss ratio is clearly profitable
- why the rate change you take rarely equals the rate change you get
Seminar Program Outline
I. The Basics of Rate Making
A. Risk Selection and Market Segmentation
- What makes a good or bad risk
- Charging the right rate for the risk
- Pricing vs. underwriting
- Pricing vs. market based rating
- What is market segmentation
- Benefits of niche marketing
- Three ways to create niche marketing
- The golden rule of pricing
B. Rate Making Numbers
- The alphabet of rate making
- How does an insurance company make money
- The impact of investment income
C. The Expense Ratio and its Impact
- The permissible loss ratio
- How does the expense ratio impact pricing
D. Relativites and Rating Formulas
- Why rates alone don’t tell the story
- What is a relativity
- How to identify relativities within a program
- Additive vs. multiplicative rating approaches
- The impact of an expense constant
- How relativities can create over- and under-pricing
E. Rate Comparison Techniques
- The basic rate comparison
- Using market basket analysis
- Using relativity analysis for comparisons
- How to identify adverse selection
II. Rate Making Elements – The Building Blocks
A. Reporting Years
- Calendar Year
- Accident Year
- Policy Year
B. Loss Reserves and their Impact
- The importance of reserves
- Case reserves
- IBNR
- Bulk reserves
C. Product Tails
D. Loss Development
- Loss development is not a real event
- Loss development factors
- Loss development triangles
- Why do you need an actuary for this
E. Trend Analysis
- Why things change
- Inflation is more than dollars
- Trending losses
- Why development and trend are independent
- Trending premiums
F. Credibility Analysis
- What is credibility all about
- How to calculate credibility
- Problems with credibility analysis
- How to improve your product’s credibility
G. Earned Premium at Current Rate Level
- Why do you need to calculate this
- The simple approach
- The parallelogram method
- The spreadsheet method
III. Putting it All Together – The Rate Revision
A. The Concept of Rate Making
- The importance of exposures
- How to use data to determine proper classifications
- Determining proper rating variables
- How to determine prices with relativities
- How to factor in the competition’s prices
B. The Rate Indication Process
- How to determine when a revision is necessary
- Determining how much increase (or decrease) is needed
C. Making the Appropriate Changes
D. The Off-Balance Process
- Determining the effect of the relativity changes
- Adjusting the base rate
E. Why it Never Works Out Exactly
- The impact of mix of business
- Calculating the real effect of the changes
Comments from recent attendees
“A clear and concise program essential for product pricing professionals. Very good material with practical exercises.”
Barry LaRue, VP – Product Management
Victoria Insurance Group
“This seminar can literally reduce the ratemaking learning curve from 2 years to 2 days.”
Jay Kampf, Product Manager
Permanent General Insurance Company
“This course should be mandatory to all persons participating in the rate structure process.”
Ed Oden, Director – Compliance and Filings
Unicare Insurance Company
“Best insurance seminar I’ve ever attended. Powerful 2 days. This seminar took my understanding of the business to another level.”
Carol R. Newman, Senior Vice President
Interstate Insurance Group
“My only regret is that I hadn’t attended this seminar years ago.”
Wally Waldhart, Vice President – Underwriting
Heritage Insurance Company
“A top-notch pricing program that would be helpful for all insurance professionals with responsibility for the rate making process.”
Geoffrey T. Bohanan, Vice President
Worcester Insurance Company
“The class presents critical concepts that are required for my product’s success in this hyper-competitive market.”
Randal Smith, President
Transportation Specialists Insurance Agency
“This seminar should be attended by everyone who is involved in underwriting or rate making, whether a standard, specialty or surplus lines carrier.”
Don Culpepper – President
T.H.E. Insurance Company
“This course is an excellent way to acquaint MGA’s with the process of rate making and accurately pricing an insurance product and becoming a true partner with the insurer.”
Jim Wegner, VP – Product Development
Kenneth I. Tobey, Inc.
“This ranks as the best professional training course I’ve ever taken. Everything was relevant and inspiring.”
Jennifer Daley, Underwriter
Bunker Hill Insurance Company
“Remarkable clarity and simplification of a complex subject.”
Greg Reichert, Vice President – Product Management
Guidant Insurance Group
“I learned more about ratemaking in 2 days than I did in 10 years as an underwriter”
David West, Marketing Manager
SAS Institute
“This seminar is a small investment that will pay enormous dividends for insurance professionals who are not actuaries”
Fred Petillo – Assistant Vice President
PIC Wisconsin
Companies whose employees have attended this seminar
| 21st Century Ins. Co. | First American P&C | NLC Ins. Co. |
| A.I.B. Financial Group | First Auto & Casualty Ins. Co. | Nodak Mutual Ins. Co. |
| AAA Michigan | First Floridian Auto & Home | Nonprofits Ins. Alliance of CA |
| AAA Missouri | First Ins. Co. of Hawaii | Norcal Mutual Ins. Co. |
| AAA Southern New England | First Marine Ins. Co. | Norfolk & Dedham Group |
| AARP Financial | First Nonprofit Ins. Co. | North Carolina Rate Bureau |
| Acadia Ins. Co. | First State Mgt. Group Inc. | North Pointe Ins. Co. |
| Acceleration National Ins. | First Trenton Indemnity Co. | Northland Ins. Co. |
| AccessIns. Co. | Fitchburg Mutual Ins. Co. | Norwich Group, Ltd. |
| Accident Fund Co. | Florida Farm Bureau Ins. Co. | Nova Casualty Co. |
| Accredited Surety & Casualty | Florists’ Mutual Ins. Co. | Nuclear Electric Ins. Ltd. |
| ACUITY Ins. Group | Ford Motor Co. | Occidental Fire & Casualty |
| Addison Farmers Ins. Co. | Foremost Ins. Co. | OHIC Ins. Co. |
| Administrators for the Professions | Fortress Ins. Co. | Ohio Casualty Group |
| Admiral Group PLC | Founders Ins. Co. | Ohio Mutual Ins. Group |
| Admiral Ins. Co. | Frankenmuth Mutual Ins. Co. | Oklahoma Farm Bureau Ins. Co. |
| Aegis Security Ins. Co. | Freedom General Ins. Svcs. | Omaha Property & Casualty Co. |
| Affinity Ins. Services | Fremont Mutual Ins. Co. | Omni Ins. Group |
| Agency Ins. Co. | Frontier Ins. Co. | One Beacon Ins. Group |
| Agway Ins. Co. | G.J. Sullivan Co. | Oregon Mutual Ins. Co. |
| AI Transport | Gateway Ins. Co. | Orion Specialty Ins. Co. |
| AIG | GE Reins. Corp. | Oswego County Mutual Ins. Co. |
| AIG Agency Auto | GE/Medical Protective | Pa. Lumbermens Mutual Ins. |
| AIG Hawaii Ins. Co. | GEICO Casualty Co. | Pacific Indemnity Ins. Co. |
| AIPSO | General Accident Ins. Co. | Paragon Ins. Group |
| AIU North America | General Cologne Re | Patrons Mutual Ins. Co. |
| Alaska Muni League Ins. Assoc. | General Fire & Casualty Co. | Patterson Ins. Co. |
| ALFA Ins. Co. | General Star Mgt. Co. | PC General Agy, Inc. |
| All Risks Limited | Generali US | Peace Hills General Ins. |
| Allegany Ins. Co. | Georgia Farm Bureau Ins. Co. | Pekin Ins. Co. |
| Allendale Mutual Ins. Co. | GeoVera Holdings | PEMCO Mutual Ins. Co. |
| Alliance United Ins. Services | Gerling Global Re | Peninsula Ins. Co. |
| Allied Group Ins. | German Mutual Ins. Co. | Penn Millers Ins. Co. |
| Allied Ins. Brokers | Germania Cos. | Penn Mutual Ins. Co. |
| Allmerica Financial Group | GHS Property & Casualty | Penn National Ins. Co. |
| Allstate Ins. Co. | GMAC Ins. Co. | Penn-America Ins. Co. |
| AMA Ins. Co. | GMAC Re | Permanent General Cos. |
| Amercian Commerce Ins. Co. | GoAmerica Auto Ins. | Petrosurance Casualty Co. |
| American Access Casualty | Grain Dealers Mutual Ins. Co. | Pharmacists Mutual Ins. Co. |
| American Agricutural Ins. Co. | Grange Mutual Casualty Co. | Philadelphia Ins. Co. |
| American Alternative Ins. Co. | Grange Mutual Ins. Co. | Phoenix Aviation Mgrs. |
| American Ambassador Casualty Co. | GRE Ins. Group | Phoenix Indemnity Ins. Co. |
| American Century Casualty Co. | Great American Ins. Co. | PIC Wisconsin |
| American Contractors Ins. Group | Great Northwest Ins. Co. | PICA Management Resources |
| American Express P&C Ins. Co. | Great Pacific Ins. Co. | Pilgrim Ins. Co. |
| American Family Ins. Co. | Great River Ins. Co. | Pilot Ins. Co. |
| American Hallmark Ins. | Great West Casualty Co. | Pinnacol Assurance |
| American Honda Finance Corp. | Greater NY Ins. Co. | Pioneer State Mutual |
| American Interstate Ins. Co. | Greenwich Ins. Co. | Platinum Group of Cos. |
| American Management Corp. | Greenwich Transportation Und. | Plymouth Rock Assurance |
| American Modern Ins. Group | Grinnell Mutual Ins. Co. | Pratt Lambert & Brown |
| American Reinsurance Co. | Guaranty National Ins. Co. | Preferred Mutual Ins. Co. |
| American Reliable Ins. Co. | Guardian General Ins. Svc. | Premier Ins. Co. of MA |
| American Service Ins. Co. | GuideOne Ins. Group | Princeton Ins. Co. |
| American Sterling Ins. Co. | Guy Carpenter Co. | Priority One Ins. Co. |
| AmFed Cos. | Hannover Re | Professional Ins. Underwriters |
| Anchor General Ins. Agy. | Hanover Ins. Co. | Professional Risk Mgt. Svcs. |
| Andover Cos. | Harbor Ins. Co. | Progressive Corp. |
| Aon Corp. | Hartford Ins. Group | Providence-Washington Group |
| Arch Ins. Group | Hartford Steam Boiler Ins. Co. | Prudential Ins. Co. |
| ARECA Ins. Exchange | Hastings Mutual Ins. Co. | Public Risk Underwriters |
| Argonaut Group | Hawaii Employers Mutual | Quincy Mutual Fire Ins. Co. |
| Arkwright Ins. Co. | Hawaii Insurance Bureau | R.I. Medical Society |
| Armed Forces Ins. Exchange | HB Group Ins. Mgt. | R.J. Wilson & Assoc. |
| Arrowhead General Agency | HDR Ins. Svc. | Redland Ins. Co. |
| Ass. gen. des caisses Desjardins | Healthcare Underwriters Mutual | Reliance Ins. Group |
| Associates Ins. Group | Heath Holdings USA | Republic Diversified Services |
| Assurant Group | Highlands Ins. Group | Republic Mortgage Ins. Co. |
| Atlanta Casualty Ins. Co. | Hochheim Prairie Ins. Group | Republic Western Ins. Co. |
| Atlantic Mutual Ins. Co. | Home State Cos. | Rider Ins. Co. |
| Austin Mutual Ins. Group | Homesite | Risk Administration Svcs. |
| Auto Club of So. California | HomeWise Ins. Co. | RLI Ins. Co. |
| Auto Club South Ins. Co. | Horace Mann Group | Rockford Mutual Ins. Co. |
| Automotive Protection Corp. | Hudson Ins. Co. | Rockingham Ins. Group |
| AutoOne Ins. | IBM | Royal and Sunalliance Group |
| AVEMCO Ins. Co. | IGF Ins. Co. | RSUI Group |
| Aviva Canada | Illinois Casualty Co. | Rural Electric Utilities Und. |
| Badger Mutual Ins. Co. | Illinois Vehicle Ins. | Rural Mutual Ins. Co. |
| Bankers Independent Ins. Co. | ILM Group | S.H. Smith & Co. |
| Bankers Ins. Co. | Imperial Fire & Casualty | Sadler & Co. |
| Bar Plan Mutual Ins. Co. | IMT Ins. Co. | Safe Auto Ins. Co. |
| Barton Mutual Group | INAMAR | SAFECO Ins. Co. |
| Bear River Mutual Ins. | Indiana Farmers Mutual Ins. Group | Safety Ins. Co.. |
| Berkley Medical Excess Und. | Indiana Ins. Co. | Safeway Ins. Co. |
| Berkley Risk Administrators | Infinity Property & Casualty | Sagamore Ins. Co. |
| Berkshire Mutual Ins. Co. | Information Providers | SAIF Corp. |
| Bertholon-Rowland Ins. Brokers | ING Canada | SAS Institute |
| Bituminous Ins. Co. | Injured Worker’s Ins. Fund | SCF Arizona |
| BP Capital Mgt. | Ins. Bureau of Canada | Scottsdale Ins. Co. |
| Braishfield Assoc. | Ins. Corp. of Barbados | Seaboard Underwriters |
| Bremen Mutual Ins. Co. | Ins. Corp. of British Columbia | Secura Ins. Co. |
| Brethren Mutual Ins. Co. | Ins. Corp. of Hannover | Seguros Triple-S, Inc. |
| Brickstreet Ins. Co. | Ins. Program Managers Group | Seibel’s Bruce, Inc. |
| Brown & Brown, Inc. | Ins. Services, Inc. | Sentry Ins. Co. |
| Buckeye Ins. Group | Insurance House Holdings | Service Lloyds Ins. Co. |
| Builders Insurance | Insuremax Ins. Co. | SGI Canada |
| Bunker Hill Ins. Co. | InsurQuote Systems, Inc. | Shand Morahan & Co. |
| C.L. Frates & Co. | Int’l Excess & Treaty Mgrs. | Shelter Mutual Ins. Co. |
| C.V. Starr & Co. | Integon Corp. | Signet Star Reins. Co. |
| CAA Ins. Co. | Integrity Mutual Ins. Co. | Society Ins. Co. |
| CalFarm Ins. Co. | Interstate Auto Ins. Co. | Sompo Japan Ins. |
| California Casualty Co. | Interstate Ins. Group | Southern Group Indemnity |
| California Dept. of Ins. | Investors Underwriting Mgrs. | Southern Guaranty Ins. Co. |
| California State Auto Assn. | Iowa Mutual Ins. Co. | Southern Ins. Underwriters |
| CaliforniaSelect | Irwin Siegel Agy. | Southern Mutual Ins. Co. |
| Canal Ins. Co. | ISBA Mutual Ins. Co. | Southern Pioneer Ins. Cos. |
| Cannon-Cochran Mgt. Svcs. | Island Ins. Co. | Southern United Fire Ins. |
| Capital City Ins. Co. | IWIF | Spring Valley Mutual Ins. Co. |
| Capitol Indemnity | J&H Marsh & McLennan | Springfield Ins. Co. |
| Carvill America | J&P Holdings | St. Paul Fire & Marine Ins. |
| Cascade National Ins. Co. | Jefferson Ins. Co. | Standard Mutual Ins. Co. |
| Casco Indemnity Co. | Jerger Co. | State Auto Ins. Co. |
| CCC Information Systems | Jewelers Mutual Ins. Co. | State Farm Ins. Co. |
| Celina Ins. Group | JM&A Group | State National Cos. |
| Century Surety Group | John Deere Ins. Co. | State-Wide Ins. Co. |
| Century-National Ins. Co. | John L. Corley, Inc. | Stratus Insurance |
| CGU Ins. Group | Johnson and Johnson Inc. | Sun Coast General Ins. Agy. |
| Charter Group, Inc. | Kemper Ins. Group | Superior Ins. Co. |
| Chile Consolidada Seguros | Kenneth I. Tobey, Inc. | T.H.E. Ins. Co. |
| China Pacific Property Ins. | Kentucky Farm Bureau Ins. Co. | TECIS |
| ChoicePoint | Keystone Ins. Co. | Tennessee Farm Bureau |
| Chrysler Ins. Co. | Keystone Surplus Lines | Teradata – NCR Corp. |
| Chubb & Son Ins. | Knight Ins. Group | Texas Colonial General Agy. |
| Chubb Re | Lake States Ins. Co. | Texas Farm Bureau Ins. Co. |
| Church Ins. Co. | LAMMICO | Texas Low Cost Ins. |
| Church Mutual Ins. Co. | Le Mars Mutual Ins. Co. | The American Agency |
| CIGNA Ins. Group | Lemac & Associates | The Doctors Co. |
| Cincinnati Ins. Co. | Lexington Ins. Co. | The Ins. Professionals |
| CIS, Inc. | Liberty Mutual Ins. Co. | Three Rivers Re |
| Clarendon National Ins. Group | Lighthouse Underwriters | TIG Ins. Co. |
| CNA Ins. Cos. | Lincoln General Ins. Co. | Titan Ins. Co. |
| Colonia Underwriters Ins. Co. | Longhorn General Agy. | TOPA Ins. Co. |
| Colonial Ins. Co. | Louisiana Farm Bureau Ins. Co. | Tower Hill Ins. Group |
| Colorado Farm Bureau Ins. Co. | Louisiana General Agy | Toyota Motor Ins. Co. |
| Columbia Lloyds Ins. Co. | LWCC | Transatlantic Re |
| Commerce Ins. Co. | Maine Employers’ Mutual Ins. | TransCom General Agy. |
| Commerce West Ins. Co. | Maine Mutual Fire Ins. Co. | TransGuard Ins. Co. |
| Companion Ins. Co. | Majestic Ins. Co. | Transport Ins. Co. |
| Concord Group Ins. Co. | Maritime General Agency | Transportation Alliance Bank |
| Constitutional Casualty Co. | Markel Ins. Group | Travelers Ins. Group |
| Construction Program Group | Maryland Auto Ins. Fund | Triangle Ins. Co. |
| Consumers Ins. USA | McGraw Group | Tri-State Ins. Co. of MN |
| Continental National Indemnity | Med James, Inc. | U.S. Agents Holding Corp. |
| Coop. de Seguros Multiples | MedAmerica Mutual RRG | U.S. Liability Ins. Group |
| Co-operative Fire Ins. | Medical Inter-Insurance Exch. | U.S. Risk Underwriters |
| Co-operators Ins. Services | MEEMIC | U.S.Security Ins. Co. |
| Cornerstone National Ins. Co. | Mendota Ins. Co. | UniCare Ins. Co. |
| Coulter Insurance | Merastar Ins. Co. | Unigard Ins. Group |
| Country Cos. | Mercer Ins. Group | Union Ins. Co. |
| Creative Risk | Merchants Ins. Group | Union Mutual of VT Cos. |
| Cross Country Home Svc | Mercury Ins. Co. | United Automobile Ins. Co. |
| CSE Ins. Group | Merlino & Schofield, Inc. | United Capitol Ins. Co. |
| Cumberland Ins. Group | MetLife Auto & Home | United Educators |
| CUMIS Group | Metroplex General Agency | United Fire Group |
| CUNA Mutual Group | Miami Mutual Ins. Co. | United Underwriters |
| D. Platt & Associates | Michigan Millers Ins. Co. | Unitrin Direct |
| D.C. Department of Insurance | Mid-Continent Group | Universal Casualty Co. |
| Dairyland Ins. Co. | Mid-Continent Ins. Co. | Universal Ins. Co. |
| Deep South Surplus, Inc. | Midwest Mutual Ins. Co. | Universal Ins. Co. (PR) |
| Delta General Agency | Mile High Markets | Universal Warranty |
| Diamond Ins. Co. | Milliman, USA | US Auto Holdings, Inc. |
| DIA-Tokyo Royal State Ins. | Missouri Farm Bureau Ins. | USAA Cos. |
| Direct General Corp. | MMI Cos. | USF&G Cos. |
| Discover Reinsurance Co. | Mo. Employers Mutual Ins. | Utica National Ins. Group |
| Discovery Insurance | Monitor Liability Managers | Vanguard Fire & Casualty Co. |
| Distinguished Programs | Montana State Fund | Vanliner Ins. Co. |
| DMI Ins. Services | Mountain States Ins. Co. | Victoria Fire & Casualty |
| Donegal Ins. Group | Mountain West Ins. Co. | Vik Brothers Ins. Group |
| Dryden Mutual Ins. Co. | MS Farm Bureau Ins. | Virginia Farm Bureau Ins. |
| E.W. Blanch Holdings | MSI Ins. Co. | Virginia Mutual Ins. Co. |
| Electric Ins. Co. | Mutual Benefit Ins. Co. | Virginia Surety Co. |
| Employers Re Corp. | Mutual of Enumclaw | Vision Ins. Group |
| Encompass Ins. Co. | MutualAid eXchange | Wausau Ins. Co. |
| ePolicy Solutions | National American Ins. Co. | Wawanesa Mutual Ins. Co. |
| Equity Ins. Mgrs. | National American Ins. of CA | Wayne Mutual Ins. Co. |
| Erie Ins. Group | National Automotive Ins. Co. | WEA Property & Casualty Ins. |
| Esurance Ins. Co. | National Farmers Union P&C | West Bend Mutual Ins. Co. |
| Everest Security Ins. Co. | National Indemnity Co. | Western Agricultural Ins. Co. |
| Farm Bureau Ins. Co. | National Interstate Ins. Co. | Western Marine Ins. Svc. |
| Farm Bureau Mutual of AR | National Merit Ins. Co. | Western World Ins. Group |
| Farm Bureau Mutual of IA | National Org. for Women | Westfield Cos. |
| Farm Bureau Mutual of ID | National Security Fire & Casualty | Wilson Mutual Ins. Co. |
| Farm Bureau Mutual of KS | National Specialty Underwriters | Windsor Group |
| Farm Bureau of Michigan | Nationwide Agribusiness Ins. | Wisconsin American Mutual Ins. |
| Farmers Home Group Ins. | Nationwide Ins. Co. | WNC Ins. Services |
| Farmers Ins. Co. | Nautilus Ins. Co. | Wolverine Mutual Ins. Co. |
| Farmers Union Mutual Ins. | Navigators Specialty Ins. Co. | Worcester Ins. Co. |
| Farmland Ins. Co. | NC Farm Bureau Ins. Co. | Workmen’s Auto Ins. |
| FCCI Ins. Group | NCCI | Wright Risk Mgt. |
| Federated Ins. Co. | NCMIC Ins. Co. | XL Environmental |
| Federated Mutual Ins. Co. | New Brunswick Ins. Board | XL Specialty Ins. Co. |
| FHM Insurance Group | New Mexico Mutual Casualty Co. | York Fire & Casualty Ins. Co. |
| Financial Indemnity Group | NIP Group | Zenith Ins. Co. |
| Fireman’s Fund Ins. Co. | Nissan North America | Zurich Personal Ins. |
| First American Ins. Co. | NJM Ins. Group | Zurich U.S. |