An insurance company has experienced a frequency of 10% over a time period. Their total loss costs are $500,000 during the same time period. The company has experienced potential exposure units of 10,000 during this time period. What is the insurance company’s severity during the time period?1,000500505,000

An insurance company has a loss adjustment expense of $12 million. Their severity is $6,200 per claim with frequency of 8.2%. The company has earned a premium of $185 million and incurred losses of $160 million. What is the loss ratio?

From the following information, calculate the amount of claim for loss of stock with Insurance CompanyB Ltd:Particulars Amount (`)Purchase for the year 2021 9,15,000Sales for the year 2021 12,00,000Purchase from 1.1.2022 to 30.6.2022 8,00,000Sales from 1.1.2012 to 30.6.2022 9,90,000Stock on 1.1.2021 1,35,000Stock on 1.1.2022 1,50,000You are informed that:(i) In 2022, the purchase prices raised by 20% above the level prevailing in 2021.(ii) In 2022, the selling prices hiked by 10% over the level prevailing in 2021.(iii) Salvaged value of stock `20,000.(iv) Fire insurance policy for `1,48,750 to cover the loss of stock by fire

An insurance company sells two types of auto coverage:• Coverage A has a maximum covered loss of 1 ， 叩 0.• Coverage B has a maximum covered loss of 1,5 叩The company has received claims of the following sizes:• Coverage A: 500 , 700 , 800 , 900 , and three above 1,000.• Coverage B: 500, 900, 1,200 , 1,300, and one above 1 ,5 00.Estimate the probability that a loss will be greater than 1 ,2 00 but lower than 1 ,5 00 ,based on:

There are 400 defects, 10 defects per opportunity and a total of 50 units. Calculate the DPO.

Applies to the amount of protection you have through an insurance company in the event of a lossCoveragePremium