Question
You are given the following insurance data: What is the claim severity? Earned Premium = $2,000,000 Exposure Units = 100,000 Total Losses = $150,000 Claim
- You are given the following insurance data:
What is the claim severity?
Earned Premium = $2,000,000
Exposure Units = 100,000
Total Losses = $150,000
Claim Counts = 3,000
a.What is the claim frequency?
b.What is the claim severity?
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Auditing Cases An Interactive Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
5th edition
132567237, 978-0132998345, 132998343, 978-0132567237
