Please kindly answer the 2 following questions: 1) In insurance, the fact that t

Question

Please kindly answer the 2 following questions:

1) In insurance, the fact that the loss suffered by a small group of insureds are spread over the entire group is called ____________.

Underwiritng

Deductible

Coinsurance

Pooling

2)

Which of the following(s) is/are included in the loan pricing?

I: Base rate

II: Adjustment for default risk

III: Adjustment for inflation risk

IV: Adjustment for term to maturity

V: Competitive factor

I, II, III

I, II, III, IV

I, II, IV, V

I, II, III, IV, V

Underwiritng

Deductible

Coinsurance

Pooling

Explanation / Answer

1. (D) Pooling

2. (C) I, II, IV, V

Base rate takes into account the inflation risk

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