## (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

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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 Ã· 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
Gross Rate: \$400/(1 â€“ .4) = \$667
Premium: \$667 x 2 = \$1,334

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This question was answered on: Sep 05, 2019

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