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Takaful wishes to adjust their rates for next year, they calculate that the expected loss ratio is 0.70, while the data
Posted: Sun Jun 05, 2022 11:13 am
by answerhappygod
- Takaful Wishes To Adjust Their Rates For Next Year They Calculate That The Expected Loss Ratio Is 0 70 While The Data 1 (7.21 KiB) Viewed 27 times
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