Page 1 of 1
An insurance company sells insurance policies with a deductible of 300. The company has determined that claim amounts fo
Posted: Sun Oct 03, 2021 12:47 pm
by answerhappygod
- An Insurance Company Sells Insurance Policies With A Deductible Of 300 The Company Has Determined That Claim Amounts Fo 1 (26.1 KiB) Viewed 117 times
An insurance
company sells insurance policies with a deductible of 300. The
company has determined that claim amounts follow an exponential distribution with mean 2000. In order to improve profitability, the
company plans to impose a coinsurance factor of 80%. Calculate the amount by which expected payment will decrease as a result of this new change. A 263 B 296 с 344 D 396 E 427 SHOW SOLUTION