Explain what index (or what flat rate) you would use to revalue the following types of cover,
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Explain what index (or what flat rate) you would use to revalue the following types of cover, doing personal research where necessary.
i. Marine Cargo cover for ships transporting (i) oil or (ii) cigarettes ii. Contents insurance (UK)
iii. Personal accident insurance with fixed benefits iv. Workers’ compensation v. Motor own damage, motor third-party property damage and motor third-party liability (UK)
vi. Property cover for oil refineries vii. Employers’ liability and public liability reinsurance
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