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6. Using the data below calculate the loss ratio for Territory 2 in 2007. Show your work. Territory 2007 Earned Premium Distribution LR for Acc
6. Using the data below calculate the loss ratio for Territory 2 in 2007. Show your work.
| Territory | 2007 Earned Premium Distribution | LR for Acc Year Ending 2005 | LR for Acc Year Ending 2006 | LR for Acc Year Ending 2007 |
| 1 | 0.10 | 0.8300 | 0.8830 | 0.8914 |
| 2 | 0.40 | 0.8650 | 0.8920 | x |
| 3 | 0.24 | 0.7370 | 0.8360 | 0.8745 |
| 4 | 0.26 | 0.7090 | 0.8280 | 0.7410 |
| TOTAL | 0.8475 | |||
| Loss ratios include allocated loss adjustment expense, and are developed to ultimate. | ||||
| Loss Ratio= Losses/Premium. |
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International Corporate Finance
Authors: Mark R. Eaker, Frank J. Fabozzi, Dwight Grant
1st Edition
0030693063, 9780030693069
