b) In the solution we find the expected claim ratio and then adjust it for 2010 level by dividing on level earned premium/earned premium.
Why can't we just take the expected claim ratio that we found .57166 and multiply that by OLEP of 2010.
Thank you in advance
Why can't we just take the expected claim ratio that we found .57166 and multiply that by OLEP of 2010.
Thank you in advance
Q18 Spring 2012
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