Given premium information on property insurance products in the underwriting year 2020 as follows Gross
Posted: Sun Jul 03, 2022 6:43 am
Given premium information on property insurance products in theunderwriting year 2020 as followsGrossPremium 1,000assume thepremium is for a duration of 1 year and is fully earnedCommission25%Expense15%Projected Claims 550Reinsurance CommissionPremium 180assume thepremium is for a duration of 1 year and is fully earnedReinsurance Commission35%Projected Claims 90determineactuarial COR for products in underwriting year 2020.