The 2021 Rate Adequacy Analysis was originally posted on July 6, 2021.
* Items marked with an asterisk were updated on July 7, 2021.
† Items marked with an obelisk were updated on July 20, 2021.
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2021 Residential Rate Indication: 39%
2021 Commercial Rate Indication: 46%
TWIA’s 2021 Rate Adequacy Analysis, posted pursuant to Sec. 2210.3511, Texas Insurance Code, consists of the following documents:
- TWIA 2021 Rate Adequacy Analysis Cover Letter [Cover Letter 2021.pdf]
- Rate Adequacy Presentation to the Actuarial & Underwriting Committee [Actuarial and Underwriting Committee Presentation 2021.pdf]†
- A summary of the hurricane model input assumptions [Assumptions 2021.pdf]*
- A memorandum describing the TWIA Residential Rate Adequacy Analysis, including a discussion of actuarial methodologies and conclusions [Residential Memo 2021.pdf]
- Residential Rate Indication Exhibits [Residential Exhibit 2021.xlsx] [Residential Exhibit 2021.pdf]
- A memorandum describing the Commercial Rate Adequacy Analysis, including a discussion of actuarial methodologies and conclusions [Commercial Memo 2021.pdf]
- Commercial Rate Indication Exhibits [Commercial Exhibit 2021.xlsx] [Commercial Exhibit 2021.pdf]
- Model Output provided by modelers:
- AIR Average Annual Loss by County [County Loss AIR 2021.xlsx] [County Loss AIR 2021.pdf]*
- RMS Average Annual Loss by County [County Loss RMS 2021.xlsx] [County Loss RMS 2021.pdf]*
- AIR Event File [AIR Event File 2021.xlsx]*
- RMS Event File [RMS Event File 2021.xlsx]*
- Comparison of Hurricane Frequency for AIR vs. RMS vs. NOAA [2021 Frequency Comparison.xlsx]
- TWIA Catastrophe Modeling Results on Exposure as of 11/30/2020 [TWIA Hurricane Model Output.pdf]