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Exercise 18.8.3 The Insurance company GENINS started operating at 01.01.2008, having zero operational expenses and pursuing gain in 30% of the earned premium. The Company

Exercise 18.8.3 The Insurance company GENINS started operating at 01.01.2008, having zero operational expenses and pursuing gain in 30% of the earned premium. The Company issues each day a contract with annual premium equal to 1000 (Assume that every month has 30 days ). The claims occure, are announced and settled immediately. In year 2008 the company paid claims of 150.000. If you were the Actuary in the particular company would you suggest adjustment of the individual premium of 1000 and in what percentage? Exercise 18.8.3 The Insurance company GENINS started operating at 01.01.2008, having zero operational expenses and pursuing gain in 30% of the earned premium. The Company issues each day a contract with annual premium equal to 1000 (Assume that every month has 30 days ). The claims occure, are announced and settled immediately. In year 2008 the company paid claims of 150.000. If you were the Actuary in the particular company would you suggest adjustment of the individual premium of 1000 and in what percentage

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