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LUCKY_DIMON [66]
2 years ago
15

To decide how much an insurance policy should cost a customer, underwriters use ________, such as historical industry trends and

loan characteristics, to predict risk levels.Multiple Choiceseasonal trendsdiagnosticsdata analyticslogistics
Business
1 answer:
alekssr [168]2 years ago
6 0

When deciding the cost of an insurance policy being applied to the customer, then the underwriting experts used the concept of data analytics.

Option C is the correct answer.

<h3>What is underwriting?</h3>

Underwriting is the act where the underwriters confirm the loan approval after analyzing the debt, income, and assets of the borrower.

The concept of data analytics is one of the processes applied to analyze the data along with collection and modeling. it helps the underwriters to figure out the conclusions based on the trends and patterns of the data.

Therefore, data analytics is the tool that underwriters used to compute the cost of insurance policy for the customer.

Learn more about the underwriting in the related link:

brainly.com/question/24988092

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For real estate income property, mortgage loans are often made on a non-recourse basis. This means that the risk of default must be included in the mortgage interest rate.

<h3>What is a mortgage loan?</h3>

A mortgage is a form of loan used to purchase or maintain a home, land, or another type of real estate. The borrower agrees to repay the lender over time, often through a series of monthly payments divided into principal and interest. The property is subsequently put up as collateral for the loan.

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2 years ago
What do you mean by agriculture expert??
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3 years ago
Punitive damages are: Group of answer choices money damages awarded to punish the defendant for gross and wanton negligence and
Evgen [1.6K]

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money damages awarded to punish the defendant for gross and wanton negligence and to deter future wrongdoing.

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Punitive damages are money damages awarded to punish the defendant for gross and wanton negligence and to deter future wrongdoing.

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Economist george stigler once wrote that, according to consumer theory, “if consumers do not buy less of a commodity when their
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Read 2 more answers
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