Q3. Explain how three of the following elements can affect estimate of loss reserve. (2...
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Accounting
Q3. Explain how three of the following elements can affect estimate of loss reserve. (2 marks)
- The claims-handling process
- Policy and exposure forms
- Inflation
- Legal trends
- Environmental factors
- Mix of claimants
- Timeliness of claim reporting by claimants
Answer:
Plagiarism IS NOT ALLOWED, USE YOUR WORDS DONT COPY AND PASTE. *(Pleas make it as a text not handwriting) if there any reference add it
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