1
Q
How to select the exposure base
A
The factor with the most direct relationship to the losses
2
Q
Ratemaking for large commercial risks
A
Done via composite rating and loss-related composite rating
3
Q
loss-rated composite rating
A
Premium is calculated based on the individual risk’s historical loss experience (i.e., without any use of standard rating algorithms)
Actuarial: Exam 5 Rate making
flashcards
Decks in class (8)
# Cards
