Question

Which step involves determining the best estimates of assumptions given the expected future conditions?

a.

Investigate historical experience

b.

Consider future economic conditions

c.

Make best estimates of the parameters

d.

Determine prudential margins

Answer: (c).Make best estimates of the parameters Explanation:Making best estimates of the parameters involves determining the best estimates of assumptions given the expected future conditions, based on historical experience and anticipated changes.

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Q. Which step involves determining the best estimates of assumptions given the expected future conditions?

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