Actuarial Pricing
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Mayank Goyal
[font=Times New Roman,Times,serif]The premium rates set by insurance companies involve calculation methods that incorporate the costs of insuring a person or business while generating some sort of profit in the process. Insurance pricing methods can vary in terms of the types of variables considered when determining pricing rates. Methods used may consider risk factors, probability factors and individual claims histories depending on the type of insurance involved.[/font]
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