Wihich of the following statements is/are correct about isurance pricing?
Select ono or more:
A. Competit;on in the insurance industry always
doves Insurance premium to be equal to the
expected claim cost
B. If an insuror has higher expense loading, it will
certainly charge a higher premium than its peers
C. It is not posstble that Insurancc premium facs
below the expected clam cost
D. The combined ratio of a proporty insurance
company fluctuates around 1. This is related to the
»underwrltjng cyclon
C. Profit loading 15 tho return to insurer:" capital
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