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# What is a person trained in mathematics who calculates risk based on loss percentages and determines insurance rates and premiums?

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An Actuary.
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# How do you figure a title insurance premium using a risk rate Example 50000 policy based on a risk rate of 30.00 per thousand?

Figuring Title Insurance Premium   Hi - this is some basic math   \$50,000.00 insurance policy at a rate of \$30.00 per thousand   # 50,000 divided by 1000 = 50  #

# How are car insurance premiums calculated?

Answer   If you consistently get tickets, they count as points on your DMV record. Also, accidents count as two points. Add these up and you have the method for calculati

# What is the formula for insurance premium calculation?

The formula for calculating insurance premium uses the DRF and the 6-month basic rate. It is: p = 2rb where p is the annual premium, r is the DRF, and b is the 6-month basic r

# How do you calculate premium in life insurance?

First, decide the amount of insurance that you need. Then you will find rates according if you are male or female. Rates can change according to your age, health habits, and i

# How do you calculate the market risk premium?

There is a calculator on the Internet at the site referenced below.

# How do you calculate mortgage insurance premiums?

1. alculate the Loan to Value ratio (LTV). LTV = loan amount /total mortgage value, where loan amount = total value of mortgage --down payment on the property.   If the mor

# How is the marine insurance premium calculated?

Insurance value x Exchange Rate(USD)xexcess value(0.7/1000)+sales tax(10.3%)=Premium

# What is the title of a person in an insurance company who calculates the premium?

An Actuary is the person in an insurance company who calculates the premium

# Calculate the annual premium for a policy with a base premium of 109.20 when the rating factor is 1.95?

When you're doing simple base premium, just multiply the base premium byt the rating factor. So 109.20 x 1.95, which is 212.94.

# How are insurance premiums calculated?

annual base prenium mulply by the rating factor

20

# What percentage of a typical homeowners insurance premium dollar is used to pay losses?

This changes from company to company and year to year. For the past few years it has been over 100% for most companies. State Farm has been loosing billions each year for the

# What are the factors that determine the rating of premiums for motor insurance?

If privately owned use or Commercial, if commercial if passenger or goods carrying. Next Type of vehicle & sub model, age of vehicle, CC if pvt owned or GCW if commercial.

# What percentage of auto insurance losses are used to determine premium?

All auto losses are used to determine premiums. All claims paid plus expenses of the company are added up to determine if the insurance company has a profit or a loss. Auto in

# How do you calculate insurance premium for car?

Insurance premiums are probably not capable of being done by hand any more at least with most insurance companies. Rating systems have become so complex with so many factors i

# What is the capacity of the person in an insurance company that calculates premiums?

An actuary is a highly skilled mathematician. He/she is employed by insurance companies to calculate insurance rates. Rates are the cost of insurance per \$1000 of coverage. Pr

# How are insurance premiums calculated-?

Many factors are taken into account when insurance premiums are calculated, including age, health, length of cover, etc.     For more information check out - investop