Business
Business, 23.02.2021 02:10, Trinhphuongtran

A large casualty insurer writes a substantial amount of private passenger auto insurance. An actuary analyzed claims data for a specific class of driv-ers for a recent 1-year policy period. The claims data showed that the insurer paid out $30 million for incurred losses and loss-adjustment expenses for each 100,000 cars insured for 1 year. Based on the pure premium method, calculate the pure premium.

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