Q. How are expense rates determined in the insurance business?

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Q. What types of products are considered when determining expense rates?

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Q. What is considered when deriving expense parameter values?

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Q. What may be done if the company has insufficient recent experience to provide meaningful results for expense determination?

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Q. What should be considered in conjunction with expected new business volumes and expected inforce policies when deriving expense costs?

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Q. What is one of the major factors considered in expense assumption?

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Q. How does the nature and type of products influence expense assumption?

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Q. What factors are considered in estimating expense assumption related to sales through distribution channels?

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Q. How does the extent of expense risk impact profit?

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Q. What technique is used for studying new product launches, new distribution channels, and new life insurance companies?

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Q. How does a company's recent experience contribute to determining expense assumptions?

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Q. Why is infrastructure considered a major input for expense modeling?

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Q. How does insurance legislation affect expense estimation?

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Q. In what way can consultants support expense estimation?

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Q. How can data from reinsurers be beneficial for expense assumption?

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Q. Why is it important for expense assumptions to be consistent with competitors' rates?

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Q. How does industry data contribute to expense assumptions?

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Q. Why is expense inflation considered a separate assumption?

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Q. How do the terms "fixed" and "flat" relate to expense assumptions?

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Q. What is the primary purpose of ensuring consistency with industry-wide practices in expense assumptions?

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