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Q3. Explain how three of the following elements can affect estimate of loss reserve. (2 marks) The claims-handling process Policy and exposure forms Inflation Legal
Q3. Explain how three of the following elements can affect estimate of loss reserve. (2 marks)
The claims-handling process
Policy and exposure forms
Inflation
Legal trends
Environmental factors
Mix of claimants
Timeliness of claim reporting by claimants
2
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