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Takaful wishes to adjust their rates for next year, they calculate that the expected loss ratio is 0.80, while the data
Posted: Sun Jun 05, 2022 11:15 am
by answerhappygod
- Takaful Wishes To Adjust Their Rates For Next Year They Calculate That The Expected Loss Ratio Is 0 80 While The Data 1 (6.69 KiB) Viewed 53 times
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 387 and the total premium earning is 853. The company's current ratel s 35. Using the experience rating method what will the new primum be if the credibility factor is 0.34