Our Allocation

Methodology

Advanced Enterprise Technologies, Inc.

by

allocations may feel like a complicated process

Our methodology is quite

However,

And will help you

Total cost of

Distribute your

risk

we use four components to define our methodology

Weighted ISO RatesWe begin with weighting rates per ISO standards. We utilize the most current rates to simplify our process.

ISO stands for Insurance Standards Organization

And uses statistical data filed with state regulators

If you provide incentives or have surcharges, we can add these adjustments to your allocation amounts.

adjustments

Discounts for defensive driving course?

Surcharge for fire alarms?

No problem

!

We easily factor in the modifications to your allocated costs.

Experience ratingYou can experience rate your allocation by using claims history to calculate future risk.

You choose how to factor your rate

severity

Frequency

both

How costly were your claims?

How often did you file claims?

Want to use both?

We leverage Quadra’s claim module to simplify the process

Collar & cap Collars and caps are a means of controlling variances over prior years, as well as high premium costs.

To offset a significant increase in premiums, you can collar your premiums by setting limits on what your organization pays.

Using a collar amount (or percentage) will help ease the rate variance over time.

Capping amounts allows you to place limits of cost on areas of your organization if you cannot distribute evenly.

You can subsidize the premiums in other parts of your organization to ensure you’re collecting the total amount.

Now you’re ready!

Your solution for insurance exposure management and cost allocation

Contact Us! www.aeti-inc.com