Q. What is considered when deriving expense parameter values?

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

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

View solution

Q. How does insurance legislation affect expense estimation?

View solution

Q. In what way can consultants support expense estimation?

View solution

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

View solution

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

View solution

Q. How does industry data contribute to expense assumptions?

View solution

Q. Why is expense inflation considered a separate assumption?

View solution

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

View solution

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

View solution

Q. What is expense inflation?

View solution

Q. How is inflation primarily affected in insurance companies?

View solution