Redesign rating tariffs – we estimate and recalculate premium rates on behalf of markets where the regulator decides the rates for certain segments and classes of business. Can you clarify this for me? I f regulator sets premium rates how can an insurer redesign rating tariffs? Isn't the insurer supposed to abide by what the regulator says?
'On behalf of'. So the way I read it is that actuaries are helping the regulator to decide the rates.
