Question

How can data from reinsurers be beneficial for expense assumption?

a.

By determining the recent experience of the company

b.

By providing support from consultants

c.

By influencing the choice of distribution channels

d.

By providing insight into expense assumptions

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (d).By providing insight into expense assumptions Explanation:Data from reinsurers can be beneficial for expense assumption by providing insight into expense assumptions, especially when recent experience is not available or not sufficient.

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