I’m not sure that’s how it’s supposed to work.
Every insurer will tell you they calculate all the probabilities and charge you the appropriate premium.
But we all know they just recoup losses next year. There’s no actuarial math going into it.
Every insurer will tell you they calculate all the probabilities and charge you the appropriate premium.
But we all know they just recoup losses next year. There’s no actuarial math going into it.
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