Incurred losses and loss-adjustment expenses

Reference no: EM131047942

A large casualty insurer writes a substantial amount of private passenger auto insurance. An actuary analyzed claims data for a specific class of drivers for a recent one-year policy period. The claims data showed that the insurer paid out $30 million for incurred losses and loss-adjustment expenses for each 100,000 cars insured for one year. Based on the pure premium method, calculate the pure premium.

Reference no: EM131047942

Questions Cloud

Program that repeatedly asks the user to enter two money : program that repeatedly asks the user to enter two money

Calculate the forces in members cb cg and fg : Calculate the forces in members CB,

Financial information for a specific line of insurance : a. What was the insurer's loss ratio for this line of coverage? b. Calculate the expense ratio for this line of coverage.

Calculate packing height required for the desired separation : Calculate packing height required for the desired separation.

Incurred losses and loss-adjustment expenses : A large casualty insurer writes a substantial amount of private passenger auto insurance. An actuary analyzed claims data for a specific class of drivers for a recent one-year policy period.

How many strategic forces are in domain of strategic leaders : How many strategic forces are in the domain of strategic leadership? According to the culturally endorsed leadership theories, which cultures most value leaders who are inspirational and provide a vision?

Contemporary issues of qantas airways : Past, present and Future of the Trends in the Tourism Industry related to Qantas Airways organizarion. Contemporary issues of Qantas Airways

Insurance company gain from operations before income taxes : Based on the following information, determine Mutual Life Insurance Company's gain from operations before income taxes and dividends to policyholders:

Find the ratio of the amount refluxed r : Find the ratio of the amount refluxed R to the product withdrawn (D).

User Account

All Pages