Question: 6. What risks should be taken into account when calculating a life (re)insurers solvency capital requirements? 7. What are the major categories of expenses for

6. What risks should be taken into account when calculating a life (re)insurers solvency capital requirements? 7. What are the major categories of expenses for a life insurance company? 8. a. What are the major regulatory objectives that must be satisfied in insurance rate making? b. What are the major business objectives? 9. In the context of rate making, explain the meaning of: a. rate b. exposure unit c. pure premium d. gross premium 10. Briefly describe the following methods for determining a class rate: a. pure premium method b. loss ratio method 11. Explain the following methods of merit rating: a. schedule rating b. experience rating c. retrospective rating

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