New ventures and opportunities

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Reference no: EM132250573

1. "New Ventures and Opportunities" Please respond to the following: Identify three (3) reasons why individuals create new business ventures. Next discuss any goals or motives that would drive you to become an entrepreneur. Provide examples for your response. Discuss at least (3) fundamental drivers for establishing a new venture then share two (2) common sources that provide the ideas for these business opportunities. Be sure to support your response.

2. An insurer expected that its loss ratio would be 60% and it priced its products based upon that assumption. As it approached year-end, the insurer can see that its actual loss ratio will be 70%. All other things being equal, answer these questions:

Is the actual loss ratio better or worse than expected?

To remain competitive, should the insurer adjust the premium upward or downward for the next year?

Regardless of whether you chose to increase or decrease the premium, by how much should it go up or down?

Reference no: EM132250573

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