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It would be nice if you can check whether I did it correct 12 2013 14 ALA PX106P 166 P 9b A- * 0.15X0.75 p
It would be nice if you can check whether I did it correct
12 2013 14 ALA PX106P 166 P 9b A- * 0.15X0.75 p = 0.28125 P. As = x 0.5 x 0.5 x 1.166p = 0.14515p A2 = 1 1 - 3 X 0.75 X0.75 - 2 x 0 5 x 0.5) x1 op - 0.59375 x 110.6p = 0.6293750 AitArt As = 1.0563750 2013 4 100 X 1.056375 = +187.74 2. You are given the following calendar year earned premium: CY Earned Premium 2012 4253 2013 4700 2014 5005 You are also given the following rate changes; Date April 1, 2011 September 1, 2012 July 1, 2013 Rate Change +12.0% +6.0% +10.0% Determine the approximate earned premium at current (end of 2014) rates for 2013. 12 2013 14 ALA PX106P 166 P 9b A- * 0.15X0.75 p = 0.28125 P. As = x 0.5 x 0.5 x 1.166p = 0.14515p A2 = 1 1 - 3 X 0.75 X0.75 - 2 x 0 5 x 0.5) x1 op - 0.59375 x 110.6p = 0.6293750 AitArt As = 1.0563750 2013 4 100 X 1.056375 = +187.74 2. You are given the following calendar year earned premium: CY Earned Premium 2012 4253 2013 4700 2014 5005 You are also given the following rate changes; Date April 1, 2011 September 1, 2012 July 1, 2013 Rate Change +12.0% +6.0% +10.0% Determine the approximate earned premium at current (end of 2014) rates for 2013Step by Step Solution
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