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| rev | Admin | (Created page with "An insurer is considering a rate change that will be in effect for the next calendar year. The following is assumed: *The projected ultimate loss and LAE ratio at current rates equals 75%. *Fixed underwriting expenses are negligible. *Variable expenses are 15% of premium. *The target profit is 20% of premium. If the insurer uses the loss ratio method for ratemaking, determine the % change in the rate. <ul style="list-style-type:upper-alpha" class="d-none"> <li>14.75%<...") | Jul 25'24 at 19:36 | +549 |