Question: Anyone can help me for this question please with typing around 250 words, need is asap!!! (finance risk insurance and management) Ratemaking is based on

Anyone can help me for this question please with typing around 250 words, need is asap!!! (finance risk insurance and management)

Ratemaking is based on the relationship between price, cost, and profit. This differs for short-tailed lines like auto insurance and long-tailed lines like workers compensation. If you were responsible for setting rates for auto insurance, what data would need?

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