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Model points

D

dChetty

Member
Please provide a simple example on how model points would be used for pricing and profit testing.

For a unit linked policy will the charges be set at the same time when the product is being profit tested with this charge?

In pricing, will a price be set then this price will be profit tested?

Please explain.
 
Funny question. have you done CT5? A model point is a sample policy. you profit test to set a premium or set of charges for this sample policy.
 
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