Given the exposure curve tabulated in Question 6, and knowing that it is a Swiss Re curve

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Given the exposure curve tabulated in Question 6, and knowing that it is a Swiss Re curve with c = 3.0:

i. Using Bernegger’s formulae in Section 22.5, verify that the values of the exposure curve for percentage of sum insured equal to 26%, 58% and 74% are as shown in the table.

ii. Calculate the probability of having a total loss.

iii. Calculate the mean loss for a property with sum insured equal to £5.5M.

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Pricing In General Insurance

ISBN: 9780367769031,9781000860832

2nd Edition

Authors: Pietro Parodi

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Question Posted: Jul 23, 2024 11:01 AM

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Given the exposure curve tabulated in Question 6, and knowing that it is a Swiss Re curve

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Pricing In General Insurance

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