Question

What factors impact the withdrawal rates in insurance?

a.

Only the company's recent experience

b.

Past experience and industry-wide experience

c.

Future conditions unrelated to past experience

d.

Target market and distribution channel

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (b).Past experience and industry-wide experience Explanation:Factors impacting withdrawal rates in insurance include both past experience and industry-wide experience, along with factors such as future conditions, target market, and distribution channel.

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Q. What factors impact the withdrawal rates in insurance?
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