= The insurer expects to underwrite premium of P 1 000 000 in the specific region and period. To hedge his catastrophic risk the insurer has taken a long position in 40 cat futures at the forward price c-0,60. Calculate the insurer's gain or loss by the end of the period if Either regional and insurer's loss ratio achieved 215%, Insurer's administrative and acquisition costs amounted to 20% of the gross premium Pr