IAI SP8 Practice Questions - IAI Subject SP8 General Insurance Pricing Exam

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An actuary decomposes the office premium into its components. Which sequence correctly orders the build-up from the most fundamental component outward?

Office premium, profit loading, expenses, risk premium Risk premium, expense loading, cost-of-capital loading, profit margin, commercial adjustment Commercial adjustment, risk premium, expenses, profit Expenses, risk premium, commission, reinsurance recoveries

Correct Answer:

Risk premium, expense loading, cost-of-capital loading, profit margin, commercial adjustment

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