Deductibles, Limits & Premiums - Exam P Study Test Prep Instructional Videos. скачать в хорошем качестве

Deductibles, Limits & Premiums - Exam P Study Test Prep Instructional Videos.

As you are studying for Exam P, there are topics that are important to fully understand. The instruction videos from ACTEX Learning can help you gain the understanding you need to learn and pass your exam. Our video on Deductibles, Limits and Premiums will help you be prepared for both exam P and future exams. Joe Sadow, video instructor, helps you understand the details of this topic. In insurance, policyholders trade unknown (and possibly catastrophic) future expenses for predictable expenses in the form of premiums. The insurer is willing to make this trade (given enough policyholders) because it is relatively relatively unlikely that the average loss will be catastrophic when there is a large number of policyholders. In this video, you'll see: • how the number of policies affects the variance of the sample mean of the losses; • how an insurer can use premiums to cover payments on losses; • how an insurer can use deductibles and limits to further modify the mean-variance profile of the insurer payment.