Indications
TDLLAER stands for this
What is Trended and Developed Loss and Loss Adjustment Expense Ratio?
The point above which the adjuster’s estimate of a claim is carried in our financial case reserves, versus an average reserve being assigned by the system.
What is the threshold?
The states excluded from the CoC clustering process
What are CWx states? (CA, TX, FL, NY)
This is the current gainshare factor (closest answer wins)
What is 1.15?
This is the name of the third twilight book/movie.
What is Eclipse?
The largest driver of the indication
What is trend?
The residual value of property in which an insurance company secures an ownership interest as a result of paying a claim for a total loss, when the damage exceeded the value of the vehicle before the loss occurred.
What is salvage?
In terms of Earned Premium, this is the largest state
What is Texas?
There are this many levels up the org chart to get to our CEO
What is 6? (5 for Emily)
This is the capital of North Dakota
The direction the trended and developed loss ratio moves in when premium trend increases
What is down?
Estimate for the average length of time that a policy remains in force before cancellation or non-renew
What is PLE (policy life expectancy)?
This southern state has the highest large loss impact to CY CR (T12)
What is Louisiana?
Progressive was founded in this decade.
What is the 1930s? (Bonus 100 if you guess 1937)
This Swift album is the next to be made into Taylor's Version, available October 27th
What is 1989?
This many claims are included in the frequency SFC
(Closest answer wins)
What is 1082?
This expense is an adjustment made that spreads expenses over the life of a policy
What is GAAP Adjustment? (Generally Accepted Accounting Principles)
unlike SAP (Statutory Accounting Principles), which incurs the expenses at the beginning of the policy
This western state has the highest CR in the country
What is Nevada?
These are the four cornerstones of Progressive
(100 points for each correct answer)
What are Core Values, Purpose, Vision, Strategy?
This country won the first World Cup Final in 1930
(Brazil, Uruguay, Argentina, or France)
What is Uruguay?
Instead of the typical Adj. Loss Ratio method, these two coverages use the CWx CoC method
What are Cargo and Comp?
Generally used in the context of IBNR reserves, it refers to the period of time from the date of the accident to the date the claim is recorded on the Company’s books.
What is Lag?
This "corny" state had the lowest RRC Fct in July with 0.980
What is Nebraska?
These are the 5 core values at Progressive
100 points for each correct answer
What are Integrity, the Golden Rule, Objectives, Excellence, and Profit?
This is how many states I have lived in
Everyone gets to answer, closest wins
(if tie, split the points)
What is 6?