Revision as of 20:55, 18 March 2024 by Admin
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 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
ABy Admin
Jun 01'22

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