Question

What factors are considered when determining the weight to give to own experience and estimation in withdrawal experience analysis?

a.

Premium frequency and size of premium

b.

Distribution channel used and target market

c.

Type of contract and duration in force

d.

Credibility analysis and past experience

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (d).Credibility analysis and past experience Explanation:When determining the weight to give to own experience and estimation in withdrawal experience analysis, factors such as credibility analysis and past experience are considered.

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Q. What factors are considered when determining the weight to give to own experience and estimation in withdrawal experience analysis?
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