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Pure premium can be defined as the average losses per exposure. For homeowners the numberof houses insured can measure the number of exposures. From the
Pure premium can be defined as the average losses per exposure. For homeowners the numberof houses insured can measure the number of exposures. From the following table an insurer has split up a state into 5 different territories where they will charge different rates. What is the pure premium for each territory? HousesLossesPure Premium Territory 115075,000 Territory 210045,100 Territory 38048,800 Territory 410054,450 Territory 59042,570
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