Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 21, 2024

47min only Asia Life Insurance insures a total of 1000 cars, has a loss adjustment expense of 10616, underwriting expenses of 947 and have earned

image text in transcribed

47min only

Asia Life Insurance insures a total of 1000 cars, has a loss adjustment expense of 10616, underwriting expenses of 947 and have earned premiums worth 14251. Based on this information calculate their Gross Rate using the pure premium method

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Methods And Finance

Authors: Emiliano Ippoliti, Ping Chen

1st Edition

3319498711, 978-3319498713

More Books

Students also viewed these Finance questions

Question

Lanco Corporation, an accrual-method corporation, reported taxable income of $1,460,000 this year. Included in the computation of taxable income were the following items: MACRS depreciation of...

Answered: 1 week ago

Question

★★★★★

The Beef-up ranch feeds cattle for midwestern farmers and delivers them to processing plants in Topeka, Kansas and Tulsa, Oklahoma. The ranch must determine the amounts of cattle feed to buy so that...

Answered: 1 week ago

Question

★★★★★

47min only Asia Life Insurance insures a total of 1000 cars, has a loss adjustment expense of 10616, underwriting expenses of 947 and have earned premiums worth 14251. Based on this information...

Answered: 1 week ago

Question

★★★★★

3. Consider a game in which three players each has to write 20 million TL or 100 million TL on a piece of paper without observing what the others have written. If at least one player has written 20,...

Answered: 1 week ago

Question

★★★★★

Assume the following activity times for a process. Activity 1 - 8 minutes Activity 2 - 4 minutes Activity 3 - 1 2 minutes Activity 4 - 5 minutes How long would it take to service 6 5 customers...

Answered: 1 week ago

Question

★★★★★

1. Differentiate between "line management" and "staff management" when dealing with financial decisions. [10 marks] 2. Explain why the process of identifying "cost drivers" must be done carefully for...

Answered: 1 week ago

Question

★★★★★

Professor James has been doing an in-depth study on a new program developed by a local organization. This unique program had been specifically designed for the local community and cannot be...

Answered: 1 week ago

Question

★★★★★

(4) On 20 November 2021 goods were sold to a European customer for 45 million. The customer took control of the goods on that date. On 15 December the customer made a part payment of 10 million and...

Answered: 1 week ago

Question

★★★★★

Find the critical value to for the confidence level c = 0.99 and sample size n = 21. Click the icon to view the t-distribution table. te= (Round to the nearest thousandth as needed.)

Answered: 1 week ago

Question

★★★★★

4-8 The Malaysian government is a major healthcare provider. The government It plans to have 33 paperless public hospitals in Malaysia in the next few years. These paperless hospitals will be enabled...

Answered: 1 week ago

Question

★★★★★

4-9 As the head of a small insurance company with six employees, you are concerned about how effectively your company is using its networking and human resources. Budgets are tight, and you are...

Answered: 1 week ago

Question

★★★★★

4-6 Is there a digital divide? If so, why does it matter?

Answered: 1 week ago

Previous Question Next Question