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nikitadnepr [17]
3 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.
Business
1 answer:
GenaCL600 [577]3 years ago
3 0

To decide how much an insurance policy should cost a customer, underwriters use: Data analytics.

Data analytics can be defined as the systematic computational collection, modelling and analysis of raw data, in order to discover trends, patterns, and draw conclusions about the information that are contained in the data.

An insurance policy can be defined as a contractual agreement between an insurer and an insured (policyholder), in which the claims, terms and conditions binding on both parties are listed in details.

Thus, it is a contract in which an insurer indemnifies an insured (policyholder) against losses in the event of certain dangers or problems.

Underwriting refers to a process through which an insurer determines the risks of insuring a customer and establishing the required cost (price).

Basically, underwriters use data analytics to predict risk levels and determine how much an insurance policy should cost a particular customer. Some examples of the data used by underwriters are:

  • Loan characteristics.
  • Historical industry trends.

Read more: brainly.com/question/1790872

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Dollar bills in the modern economy serve as money becauseA.they have value as a commodity independent of their use as money.B.th
Musya8 [376]

Answer: The answer is C.people have confidence that others will accept them as money.

Explanation:

6 0
3 years ago
What do you think a career is?<br> What is an employer?<br> What is an employee?
NARA [144]

Answer:

down below

Explanation:

A career is a occupation that people take for usually long periods of time, many times people have a career for there whole life, it's something you have progress with over the years.

a employer is either a person or organization that employs people for a job

a employee is someone who is working at a job for means of wages or salary.

8 0
3 years ago
If the marginal propensity to consume is two thirds, then an increase in personal income taxes of $100 will most likely result i
rosijanka [135]

When personal income taxes is increased, there would be a decrease in consumption of $67.

<h3>What is the MPC?</h3>

The marginal propensity to consume is the proportion of the disposable income that is spent. When personal income taxes are increased, there would be a decrease in the disposable income. The decrease in disposable income would reduce the income avalialbe for consumption.

Decrease in consumption = 2/3 x $100 = $67

To learn more about marginal propensity to consume, please check: brainly.com/question/19089833

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4 0
1 year ago
Sandoval needs to determine its year-end inventory. The warehouse contains 24,000 units, of which 3,400 were damaged by flood an
Anna [14]

Answer:

The year-end inventory in units = 27,400

Explanation:

total units in warehouse = 24,000

damaged units = 3,400

Purchased units = 2,400

consigned units = 4,400

The year-end inventory is calculated as follows:

Year-end inventory = total units in warehouse - damaged units + purchase units + consigned units

= 24,000 - 3,400 + 2,400 + 4,400 = 27,400 units.

<em>Please note </em>

<em>1. using Free on Board (FOB) shipping point agreement, the buyer claims ownership of the goods the moment it is shipped from the seller's shipping point, and is recorded as inventory even before it arrives at the buyer's receiving point.</em>

<em>2. consigned goods are goods that are part of inventory, but is located with a different distributor other than the owner of the goods.</em>

8 0
3 years ago
Rosemarie and Dominique, owners of Sugarplum Coffee and Pastry Shop, are concerned because Panera Bread is opening a new store j
Sauron [17]

Answer: Competitor

Explanation: Rosemarie and Dominique believes that Panera bread would be an active Competitor to their business because of the closeness of Panera bread store to theirs and also the fact that they sell similar products.

A competitor in marketing is a business that struggles for the same customers with another business due to sales of similar products.

3 0
3 years ago
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