Question

What source of data may be used to determine mortality rates?

a.

Historical sales data

b.

Industry experience

c.

Customer feedback

d.

Market research reports

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (b).Industry experience Explanation:Industry experience may be used as a source of data to determine mortality rates, providing insights into mortality trends and patterns observed across the insurance industry.

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Q. What source of data may be used to determine mortality rates?
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