Question

What is the meaning of "Underwriting Year Experience"?

a.

The segregation of premiums and losses for a specific period

b.

The calculation of net risk based on underwriting guidelines

c.

The process of assessing policyholder applications for insurance

d.

The analysis of claims experience for a particular underwriting year

Posted under IC85 Reinsurance Management

Answer: (a).The segregation of premiums and losses for a specific period Explanation:"Underwriting Year Experience" involves segregating all premiums and losses associated with policies having an inception or renewal date within a given twelve-month period. It refers to the grouping of financial data for analysis and assessment.

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