Q. Poor health raises the rates for life insurance because

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Q. From an underwriter’s point of view, while deciding on pricing of products, what can be the best scenario that can be assumed with regards to mortality rates?

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Q. Which of the following is not a factor to determine the rate of premium?

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Q. An insurance company sells 1000 policies and it expects 5 claims. The total amount of claims is Rs. 2,50,000/-. If the period of cover is one year and if the company wants its total income to be equal to the total outgo, what premium should the company charge from each of those 1000 policyholders?

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Q. What is the primary method of controlling mortality or morbidity risk in insurance?

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Q. How is the credibility factor used in deriving mortality or morbidity assumptions?

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Q. What is the importance of data quality in experience analysis?

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Q. What is the main objective of experience analysis in insurance?

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Q. What is the significance of adjusting standard table rates in insurance?

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Q. What are the key factors considered in choosing mortality or morbidity rates?

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Q. What does morbidity rate refer to?

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Q. How is mortality rate defined?

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Q. What is the primary purpose of mortality and morbidity rates in insurance?

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Q. How does underwriting policy influence mortality or morbidity assumptions in pricing?

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Q. What risk is associated with reinsurance arrangements?

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Q. How does reinsurance help insurers manage risk?

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Q. What are the two main types of underwriting in life insurance?

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Q. What is the primary purpose of underwriting in the context of life insurance?

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Q. What represents a difficult-to-quantify risk in mortality assumption setting?

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Q. In an established insurance market, what factors contribute to low model and parameter risk?

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