passnow23

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passnow23
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  • Thank you! I got it.

    in 2012 Q15(a) Comment by passnow23 October 2023

  • Thank you! Now it makes sense to me.

    in Step 10 Comment by passnow23 October 2023

  • Thanks for your explanation, I think I followed it. However, I still don't get it where is c*Expected loss [per-occurrence and aggregate]/SP after we subtract (c-1)E from e ?

    I understand this equation:

    e*SP = fixed expense + UW prof…

    in Step 10 Comment by passnow23 October 2023

  • I still got confused by this whole topic.

    You mentioned that "the basic premium ratio should only account for fixed loss adjustment expenses so it's necessary to subtract out the variable LAE which is (c-1)*E. When we do this, we're left w…

    in Step 10 Comment by passnow23 October 2023