4.1.2 Unreimbursed Loss Flashcards
(5 cards)
1
Q
what is unreimbursed loss?
A
the amount of loss the policyholder is responsible to pay. So, while we will often take the point of view of the insurer, we will be considering the policyholder’s perspective in this subsection.
2
Q
how do we represent a unreimbursed loss mathematically?
A
3
Q
how do we find the expected value of an unreimbursed loss for a discrete r.v.?
A
4
Q
how do we find the expected value of an unreimbursed loss for a continuous r.v.?
A
5
Q
what is the Relationship between Insurance Payment and Unreimbursed Loss?
A
