Statistical (C) Subgroup
Property and Casualty Insurance (C) Committee

2012 Charges

The Statistical (C) Subgroup is charged by the Casualty Actuarial and Statistical (C) Task Force to

1. Identify the types of data that are necessary to properly evaluate the medical liability insurance market — including the frequency, severity and causes of loss — in order to evaluate regulatory and legislative proposals. Identify the sources of this data and the steps necessary to capture it, including changes needed in the Statistical Handbook of Data Available to Insurance Regulators, and the need to develop claims databases or other appropriate means of capturing the necessary information.—Essential
2. Consider updates and developments, provide technical assistance and oversee the production of the following reports and databases. Also, periodically evaluate the demand, utility and income derived vs. the costs of production of each product. —Essential
   1. Report on Profitability by Line by State (Charge the Profitability Working Group with producing this report on an annual basis.)
   2. Homeowners Average Premium Report
   3. Auto Insurance Database
   4. Market Share Reports for Groups and Companies – Property/Casualty
   5. Property and Casualty Competition Database Report
3. Consider updates and changes to the Statistical Handbook of Data Available to Insurance Regulators.—Important