Unsubscribing to CICA Re. It is a complete waste of time. NOTHING practical explained by examples when it comes to premium calculation. One need not be an actuary to calculate risk premium and then adjust it for acquisition costs, management expenses, cost of capital and further discount or loading for risk improvement measures or lack of them by a particular customer.
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Unsubscribing to CICA Re. It is a complete waste of time. NOTHING practical explained by examples when it comes to premium calculation. One need not be an actuary to calculate risk premium and then adjust it for acquisition costs, management expenses, cost of capital and further discount or loading for risk improvement measures or lack of them by a particular customer.