QUESTION 28 Takaful wishes to adjust their rates for next year, they calculate that the expected loss ratio is 0.80, whi

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

QUESTION 28 Takaful wishes to adjust their rates for next year, they calculate that the expected loss ratio is 0.80, whi

Post by answerhappygod »

Question 28 Takaful Wishes To Adjust Their Rates For Next Year They Calculate That The Expected Loss Ratio Is 0 80 Whi 1
Question 28 Takaful Wishes To Adjust Their Rates For Next Year They Calculate That The Expected Loss Ratio Is 0 80 Whi 1 (7.96 KiB) Viewed 34 times
QUESTION 28 Takaful wishes to adjust their rates for next year, they calculate that the expected loss ratio is 0.80, while the data shows that the loss adjustment expenses is 566 and the total premium earning is 990 The company's current ratel s 77. Using the experience rating method what will the new primum be if the credibility factor is 0.60
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”