I
indexo
Member
Hi,
Can someone explain further on the last para under 'aggregate deductibles' in page 34? Why would you need to have tabulated discounts for common aggregate deductibles for basic burning cost analysis?
Also, on last 4 para on page 32, why it is less straightforward to apply reinstatements on basic exposure rate and we need tables of discounts based on benchmark severity distributions to apply to exposure-based rates?
Also, what does it mean when we say 'table of discounts' in both scenarios?
Thanks.
Can someone explain further on the last para under 'aggregate deductibles' in page 34? Why would you need to have tabulated discounts for common aggregate deductibles for basic burning cost analysis?
Also, on last 4 para on page 32, why it is less straightforward to apply reinstatements on basic exposure rate and we need tables of discounts based on benchmark severity distributions to apply to exposure-based rates?
Also, what does it mean when we say 'table of discounts' in both scenarios?
Thanks.