Based on the pure premium method, calculate the pure premium

Assignment Help Finance Basics

Reference no: EM133430164

Question: 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: EM133430164

Questions Cloud

Explain this quote from alicia by gabrielle roy : Explain this quote from Alicia by Gabrielle Roy: "Then we lorgot that the oaks were conspirators; we stretched out on the grass and watched rhe acorns fall

Why deion sanders deserves the backlash he is receiving : Why Deion Sanders deserves the backlash he's receiving? How Deion Sanders' leaving JSU impacted the Black community?

Developing care management plan : Explain how Rohan would integrate cultural considerations when developing a care management plan for Amir?

What is the mood of the poem : What is the mood of the poem? How is it achieved? Provide evidence from the poem to support your ideas.

Based on the pure premium method, calculate the pure premium : 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

What khmer culture and traditions shown in tum teav : What Khmer culture and traditions shown in Tum Teav?

What is the total future value of your option position : FIN 4613 University of Texas, San Antonio If the value of the peso declines to 0.0471 in 6 months, what is the total future value (including the cost)

How did the conversation between sykes and delia in part 1 : How did the conversation between Sykes and Delia in Part 1 foreshadow the plans he had in store for Delia? In what geographical location is the story set?

Rows and the different sample sizes in the columns : Draw a sample consisting of 10,000 simulated values for the stock's price on the option's maturity date, and show your simulated price distribution

User Account

All Pages