Question 21
Takaful wishes to adjust their rates for next year, they calculate that the expected loss ratio is 0.75, while the data shows that the loss adjustment expenses is 621 and the total premium earning is 1181. The company's current rate s59, Using the experience rating method what will the new primum be if the credibility factor is 0.30
Question 21 Takaful Wishes To Adjust Their Rates For Next Year They Calculate That The Expected Loss Ratio Is 0 75 Whi 1 (5.62 KiB) Viewed 36 times
Quen 21 30 Question 21 2 points See Alwer Taka wishes to adjust their rates for next year, they calculate that the expected loss rate is 9.75, while the date shows that the less aduiment expenses is 21 and the total premium aming 1101 The company's current ratels 59 Using the experience rating method what will the new primum be the credibility factor is 0.30
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