Hi, I'm a student and am looking for insurance expertise in order to complete a business case.
I'm provided with the Direct Written Premium, Loss Ratio (indemnity only), Loss Adjustment Expense Ratio, and Combined Ratio for 2014-2017. However I only have the # of Claims, Average Indemnity Paid per Claim, Litigation Rate (% of claim), Fraud Investigation Rate (% of claim), and Subrogation referral rate (% of Claim) for only 2017. Goal is to forecast for the next 5 years to provide quantitative info/ROI to a hypothetical CFO on why they should adopt a new IT system.
Couple questions:
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I'm provided with the Direct Written Premium, Loss Ratio (indemnity only), Loss Adjustment Expense Ratio, and Combined Ratio for 2014-2017. However I only have the # of Claims, Average Indemnity Paid per Claim, Litigation Rate (% of claim), Fraud Investigation Rate (% of claim), and Subrogation referral rate (% of Claim) for only 2017. Goal is to forecast for the next 5 years to provide quantitative info/ROI to a hypothetical CFO on why they should adopt a new IT system.
Couple questions:
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