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QUESTION 28 Takaful wishes to adjust their rates for next year, they calculate that the expected loss ratio is 0.80, whi
Posted: Sun Jun 05, 2022 11:03 am
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 (7.96 KiB) Viewed 36 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