October 2014
Intermediate to advanced
584 pages
22h 2m
English
Content preview from Pricing in General Insurance
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76 Pricing in General Insurance
4.5 Questions
1. A company X (whose main ofces are in London) has three business units: one in
Gloucestershire, one in Essex and one in Yorkshire. The company buys property
insurance through a captive. Each business unit has a deductible of £10,000 and the
captive has a deductible of £100,000. All the rest is ceded to the insurance market.
Describe who pays how much in the case of these (accepted) claims:
a. A claim of £1,500 in Gloucestershire
b. A claim of £25,000 in Essex
c. A claim of £1,300,000 in Yorkshire
2. The same company X described in Question 1 buys employers’ liability insurance
from ...
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