Question: Actuaries use statistical data in the rate making process. Select all sources of data that a property and casualty insurance actuary would be most likely
Actuaries use statistical data in the rate making process. Select all sources of data that a property and casualty insurance actuary would be most likely to use to determine a rate. Frequency of hospitalizations Average retirement age Accident rates of high risk activities, such as skydiving Frequency of large jusry awards Historical temperatures Average cost of building materials Number of births Average number of hurricanes over the last 10 years
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