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Q3. Explain how three of the following elements can affect estimate of loss reserve. (2...

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Accounting

Q3. Explain how three of the following elements can affect estimate of loss reserve. (2 marks)

  • The claims-handling process
  • Policy and exposure forms
  • Inflation
  • Legal trends
  • Environmental factors
  • Mix of claimants
  • Timeliness of claim reporting by claimants

Answer:

Plagiarism IS NOT ALLOWED, USE YOUR WORDS DONT COPY AND PASTE. *(Pleas make it as a text not handwriting) if there any reference add it

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