Everett Cash Mutual Insurance Company Case Study

This case study outlines the engagement between Everett Cash Mutual Insurance Company (ECM) and the Xceedance actuarial and analytics team aimed at enhancing ECM's speed to market for new rates while improving profitability in personal and commercial auto lines. ECM sought to address challenges related to profitability and expedite the filing process, aiming to begin solutioning within a month. The Xceedance team provided a comprehensive solution that included detailed rate level indications, intuitive dashboards for insights, and collaborative discussions to identify key profitability areas. The study details the analysis of ECM's book of business, focusing on loss drivers and actionable strategies for improvement. It emphasizes the importance of actuarial support for state filings and responses to Department of Insurance inquiries. The results of this collaboration led to successful implementation of new rates and ongoing evaluation of portfolio profitability, ensuring ECM's competitiveness in the market.