Takaful wishes to adjust their rates for next year, they calculate that the expected loss ratio is 0.70, while the data
-
answerhappygod
- Site Admin
- Posts: 899604
- Joined: Mon Aug 02, 2021 8:13 am
Takaful wishes to adjust their rates for next year, they calculate that the expected loss ratio is 0.70, while the data
Takaful wishes to adjust their rates for next year, they calculate that the expected loss ratio is 0.70, while the data shows that the loss adjustment expenses is 630 and the total promium carning is 810. The company's current ratei s 54. Using the experience rating method what will the new primam be if the credibility factor 0:31
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!