Revision as of 12:55, 1 June 2022 by Admin (Created page with "A policy's full coverage claim severity is uniform on [0,2000] with a per-claim deductible of $500 and per-claim limit, applied before the deductible, of $1,500. A claim is re...")
ABy Admin
Jun 01'22
Exercise
A policy's full coverage claim severity is uniform on [0,2000] with a per-claim deductible of $500 and per-claim limit, applied before the deductible, of $1,500. A claim is reported when the loss to to the insured exceeds the deductible. Determine the expected loss to the insurer per reported claim.
- 501.55
- 625.67
- 666.67
- 700.67
- 872.55