Q. Which of the following expenses is the most difficult to ascertain while calculating the expense rate?

View solution

Q. Expense rates do not vary with which of the following factors?

View solution

Q. Expense rate is usually measured as a proportion of:

View solution

Q. Insurance expenses can be primarily classified as

View solution

Q. How are expenses typically measured in insurance business transactions?

View solution

Q. What factors are considered when choosing expense assumptions for insurance pricing?

View solution

Q. What does expense risk refer to in the insurance industry?

View solution

Q. What is the purpose of expense analysis in insurance companies?

View solution

Q. Which type of expenses are typically classified into initial, renewal, investment, and terminal expenses?

View solution

Q. Why is regular monitoring and action important in controlling expense risk?

View solution

Q. What is one way to minimize model and parameter risk in controlling expense risk?

View solution

Q. How can expense risk be controlled in insurance companies?

View solution

Q. What problem may arise with heavy up-front expenses recouped gradually over the term of a policy?

View solution

Q. Why is it challenging to design charges in insurance products to correspond exactly to expenses?

View solution

Q. How are charges for expenses sometimes deducted in unit-linked contracts?

View solution

Q. In what type of contracts are expense charges usually explicit to policyholders?

View solution

Q. How are expenses typically covered in insurance premiums?

View solution

Q. How is inflation typically accounted for in expense estimation?

View solution

Q. What does "expense risk" refer to in the context of insurance?

View solution

Q. What should be excluded from expense analysis?

View solution