J
jonathans
Member
"Outline the adjustments required to the insurer’s data, in order to set the correct risk premiums for a new compulsory excess level of £300."
Why did they mention the regulator adjustments (such as claims inflation and development) and not just the extra part which is needed for the change of excess?
Those adjustment should have happened already when they prices for a 250 excess and aren't needed here.
I keep misunderstanding the questions and losing points since the question aren't clear enough.
Any tips??
Why did they mention the regulator adjustments (such as claims inflation and development) and not just the extra part which is needed for the change of excess?
Those adjustment should have happened already when they prices for a 250 excess and aren't needed here.
I keep misunderstanding the questions and losing points since the question aren't clear enough.
Any tips??