Kevin is an underwriter who is currently under the process of underwriting a group insurance of a firm.He is currently analyzing past losses-the frequency, severity, and length of illnesses or disabilities-to calculate the appropriate premium for the insureds.Identify the key underwriting determinant characteristics of the group that Kevin is trying to deduce.
A)Financial stability of the employer
B)Stability of the group
C)Persistency of the group
D)Prior experience of the plan
E)Size of the group

Question

Quizplus · Accepted Answer

Kevin is focusing on the prior experience of the plan by analyzing past losses, which includes the frequency, severity, and length of illnesses or disabilities. This information is crucial for calculating the appropriate premium for the insureds.

Kevin Is an Underwriter Who Is Currently Under the Process