A
Anjulee Greenbank
Member
Hi, can you help me understand the calculation done on sept 07 q7ii where they have derived the 2007 loss ratio based on the 2002-2006 data given (which is written premiums and incurred losses.)
we are told there was a rate increase in 2004 at 10% and 1% claims increase over the period.
The answer shows inflated index and premium index - I can’t figure out how these are calculated.
thanks
Anj
we are told there was a rate increase in 2004 at 10% and 1% claims increase over the period.
The answer shows inflated index and premium index - I can’t figure out how these are calculated.
thanks
Anj