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Specimen Examination Question 7

M

maryam

Member
I was going through the specimen examination but got stocked up on question 7.

How do we arrive at the projected claims costs before claim inflation. I was thinking for the damage cost we only need to add the incurred cost for own damage and TP damage cost but this does not seem to be what the examiner did in the solution.

Can you kindly explain how the examiner came about their figures?
 
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