Ratemaking - Introduction Flashcards
1
Q
What is the frequency
A
It is a measure of claim incidence.
Frequency = # ofclaim / exposures
May or may not include claims with no payment.
Exam5 > Ratemaking - Introduction > Flashcards
What is the frequency
It is a measure of claim incidence.
Frequency = # ofclaim / exposures
May or may not include claims with no payment.