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The Regional Insurance company is using the following data to make decisions regarding underwriting and pooling: Region A # of homes # of claims Total
The Regional Insurance company is using the following data to make decisions regarding underwriting and pooling:
Region A | |||
# of homes | # of claims | Total | |
Year | Pool A | Losses | |
1 | 8000 | 630 | $999,000.00 |
2 | 8000 | 590 | $1,030,000.00 |
3 | 8000 | 720 | $880,000.00 |
Region B | |||
# of homes | # of claims | Total | |
Year | Pool B | Losses | |
1 | 10,000 | 980 | $1,250,000.00 |
2 | 10,000 | 880 | $1,150,000.00 |
3 | 10,000 | 920 | $1,850,000.00 |
Compute the severity of losses Per Exposure for Region B:
Group of answer choices
$0.159
$0.169
$0.153
$0.148
$0.176
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