IPT05250 - Calculating the value of the premium: how the value of 바카라 사이트˜any risk바카라 사이트™ is determined
To determine the value of 바카라 사이트˜any risk바카라 사이트™, the underwriter, using actuarial tables, other statistical information and their professional judgment, rates risks according to:
- the amount for which the insurer is liable - usually expressed as the sum insured or a limit of liability;
- the likely claims ratio (the possibility of loss occurring).