Question

In what way can consultants support expense estimation?

a.

By providing insight into different types of expenses

b.

By determining the recent experience of the company

c.

By influencing the choice of distribution channels

d.

By providing support from reinsurers

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (a).By providing insight into different types of expenses Explanation:Consultants can support expense estimation by providing insight into different types of expenses, especially when the company has less experience in building expense models.

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Q. In what way can consultants support expense estimation?
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