LOSSES RATIO MUST BE PREDICTABLE - PART 2

GREETING INSURANCE ,See you soon in our website " Closer to Insurance " . We will discuss further on our previous website Losses Should Predictive Ratios . In the first part discussed the appraiser values ​​a loss or loss rates in order to provide payment when a loss occurs that is represented through the Loss rate ( loss ratio ) . This time we will continue the discussion about the important concepts in the world of insurance is the law of large numbers ( the law of large numbers ) .The concept is important in determining the probability of this is the law of large numbers ( the

LOSSES RATIO MUST BE PREDICTABLE - PART 1

GREETING INSURANCE ,Welcome to bloggers to join the new look of this website . Currently we have entered the fourth trait that a potential loss ( loss that may occur ) can be insured in accordance with the basic principles of insurance . The fourth concerns the nature of probailitas , opportunities , law of large numbers and the ratio of an event through an experience that never happened . The fourth trait is the ratio of the loss must be predictable .