Insurance companies will charge a higher premium for which of the insurance lines listed below? Why? a.
Question:
Insurance companies will charge a higher premium for which of the insurance lines listed below? Why?
a. Low-severity, high-frequency lines versus high-severity, low-frequency lines.
b. Long-tail versus short-tail lines.
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a Insurance companies have a more difficult time predicting the severity ...View the full answer
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Related Book For
Financial Institutions Management A Risk Management Approach
ISBN: 978-1259717772
9th edition
Authors: Anthony Saunders, Marcia Millon Cornett
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