The following is the policy data owned by an insurance company for motor vehicle insurance products

start date

expiration date

of vehicles

1/1/2019

1/1/2020

120

1/1/2020

1/1/2021

180

The company only sells annual policies.

In 2020, it was discovered that there were 30 claims that had been reported by the insured.

Calculate exposure earns during 2020. Note: an exposure is assessed 1 if the risk is covered for a full 1 year.

Calculate the frequency of such claims during 2020

if the company is going to provide a taxi voucher for every claim worth 300,000, what is the risk premium (loss cost) for this product based on the 2020 claim?

if the company sells the product at point c of 75,000, what is the estimated loss ratio / claim ratio for this product?