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Given premium information on property insurance products in the underwriting year 2020 as follows Gross Premium 1,000 assume the premium is for a duration of
| Given premium information on property insurance products in the underwriting year 2020 as follows | ||||||||
| Gross | ||||||||
| Premium | 1,000 | assume the premium is for a duration of 1 year and is fully earned | ||||||
| Commission | 25% | |||||||
| Expense | 15% | |||||||
| Projected Claims | 550 | |||||||
| Reinsurance Commission | ||||||||
| Premium | 180 | assume the premium is for a duration of 1 year and is fully earned | ||||||
| Reinsurance Commission | 35% | |||||||
| Projected Claims | 90 | |||||||
| determine actuarial COR for products in underwriting year 2020. | ||||||||
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Financial Trading And Investing
Authors: John Teall
1st Edition
0123918804, 978-0123918802
