Exam (elaborations)
RSK4803 ASSIGNMENT+SUGGESTED SOLUTIONS-2020.pdf
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Question 3.1 (15) The average damage per accident in 2018 was R100 000 and the administration cost R10 000 per claim, which gives an average of R110 000 for 2018, and total claims cost of R5 500 000 for the year. Claims inflation forms a significant component of the total claims cost per acciden...
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