C16 business insurance - Study guides, Class notes & Summaries

C16 The Business of Insurance- chapter 1-6 Questions & answers

C16 BUSINESS INSURANCE TEST WITH REAL QUESTIONS AND WELL VERIFIED DETAILED ANSWERS || GUARANTEED PASS | LATEST VERSION 2024/2025 What are some of the reasons that cause an insurance company to underestimate its reserves? - ANSWER--Company's actuarial department or management is overly optimistic in setting up estimates -Technical related issue to court cases that may invoke social inflation for a specific type of claim -General economic inflation that cause...

C16 BUSINESS INSURANCE FINAL EXAM WITH QUESTIONS AND DETAILED ANSWERS | ALREDY GRADED A+ | GUARANTEED PASS | LATEST VERSION 2024/2025 When the investment market is performing badly on what must insurers rely in order to earn a profit? - ANSWER--in the past when investment returns for insurance companies have been very high, companies found that they do not have to report on underwriting profit in order to record a profitable bottom line -stating in about mid-2000,...

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