Willis Towers Watson report on TWIA rate adequacy published by TWIA on September 8, 2020:
Willis Towers Watson revised information requested by TWIA’s Actuarial & Underwriting Committee at its September 22, 2020 meeting and published by TWIA on November 30, 2020:
- Revised Commercial Rate Exhibit
- Revised Residential Rate Exhibit
- Revised Data Audit Report of Exposures with Secondary Characteristics
- Modeling Results, comparing October 2020 report with revised November 2020 Report (with improved data quality)
- Summary of Results, including:
- PML determination exhibit for Current vs WTW Original vs WTW Revised
- Gross Hurricane Average Annual Loss (AAL) for WTW Original vs WTW Revised; used for the rate indication (split residential vs commercial)
- Reinsurance Expense Exhibit for WTW Original vs WTW Revised
Willis Towers Watson opening protection analysis with “notional,” or theoretical, scenarios requested by TWIA’s Actuarial & Underwriting Committee at its September 22, 2020 meeting and published by TWIA on January 5, 2021:
- Summary Table
- Notional Scenario 1 – Seaward Properties Having Opening Protection – Residential Exhibit
- Notional Scenario 1 – Seaward Properties Having Opening Protection – Commercial Exhibit
- Notional Scenario 2 – Seaward & Inland 1 Properties Having Opening Protection – Residential Exhibit
- Notional Scenario 2 – Seaward & Inland 1 Properties Having Opening Protection – Commercial Exhibit
Results presented in or used in the production of the Willis Towers Watson report are derived from the proprietary catastrophe models of the corresponding vendors and may not be used for any purpose other than in connection with analysis and review by TWIA, its committees, Board and staff.
