Question

In the formula for finding adjustment factors, what does 'A' represent?

a.

The estimation of future conditions

b.

The credibility factor

c.

The own experience data

d.

The adjustment derived from industry standards

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (c).The own experience data Explanation:In the formula for finding adjustment factors, 'A' represents the own experience data in mortality or morbidity analysis.

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Q. In the formula for finding adjustment factors, what does 'A' represent?
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