Public Sector

Contract Rate Model

Reden & Anders helps you to calculate the average contract size (members per contract) and the average age-gender factor by contract type based on the inputted distribution of employees by age-gender-contract cohort.

Sophisticated model supports two-, three-, four-, and five-contract tier rate structures.

Build actuarially sound contract rate relationships

The Reden & Anders Contract Rate Model is easy to use and provides quick calculation of contract rate relationships for two-, three-, four- and five-tier premium rate structures. The rate relationship factors are provided by age-gender bands for rating applications.

Value

  • Develop sustainable contract rates
  • Calculate contract rates with flexible methodology
  • Flexible system translates to variety of applications

Easy output transfer

Additionally, the Microsoft® Excel-based model allows ease of output transfer to other spreadsheets.