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(Solved) From Cost to Premium Territory Historical Loss Data Gender of Driver(s) Males Females Losses Car-Years Losses Car-Years Losses Totals Car-Years


i need help with this homework assignment. I am attaching a powerpoint slide which tells you how to do the homework. Please no plagiarism on the homework and do good. I will tip $40 if all the answers are correct. the powerpoint is called from cost to premium in the files im attaching. please look at it and know how to do the math for the homework. 

From Cost to Premium
Territory Historical Loss Data
Gender of Driver(s)
Males
Females
Losses
Car-Years
Losses
Car-Years Losses
Totals Car-Years
Totals Midtown $3,600,000 3,000 $2,000,000 2,000 $5,600,000 5,000 Dunwoody $1,500,000 2,000 $1,000,000 2,500 $2,500,000 4,500 Totals $5,100,000 5,000 $3,000,000 4,500 $8,100,000 9,500 Expected Loss Cost = Historical Losses ÷ Exposure Units
Expected Loss Costs per Car
Gender of Driver(s)
Territory
Male
Female
Midtown
Dunwoody $1,200 $1,000 $750 $400 Premium for 2 cars owned by females
living in Dunwoody
ELC: $400
Loading: 40%
Gross Rate: $400/(1 – .4) = $667
Premium: $667 x 2 = $1,334

 


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