U.S. MPCI Premium Rates 2023

Annual RMA premium rate changes affect the underlying risk of insurance policies in the U.S. MPCI program. Verisk has conducted an analysis to estimate the pure change in premium rates and is providing an updated rate mask for the U.S. MPCI model that can be used in Touchstone Re. The updated mask reflects the premium rate structure for 2023. A reference spreadsheet containing the rate change factors by state and policy type is attached. Users have the option to manually change premium rates. The new rates can be readily implemented for 2023 risk analysis by copying and pasting the rate factors from the spreadsheet into Touchstone Re. Clients licensing the U.S. MPCI model are encouraged to update their rate settings.

Update Instructions

The U.S. MPCI premium rate settings can be updated from any Touchstone Re workstation. It is not necessary to update the settings from all workstations. Note that only users with System Administrator or Business Unit Administrator privileges may access the Administration Console.

1. Open the attached file; this contains the U.S. MPCI Premium Rates 2023 spreadsheet.
2. In the spreadsheet; copy the premium rate values in cells B5-D55.
3. In Touchstone Re:
   1. Select Admin > Administration Console from the top menu bar.
   2. In the Administration Console window, navigate to Loss Defaults in the lower left pane, then select US MPCI Settings in the upper left pane.
   3. Right click on the Alabama BuyUp cell and select Paste from the menu.
   4. Click Save to apply your updates.

Return to U.S. MPCI Premium Rates home page.

If you have questions or need assistance with running the update, please contact Verisk Software Services at 617.267.6645.