An insurance company sells two types of auto coverage:• Coverage A has a maximum covered loss of 1 ， 叩 0.• Coverage B has a maximum covered loss of 1,5 叩The company has received claims of the following sizes:• Coverage A: 500 , 700 , 800 , 900 , and three above 1,000.• Coverage B: 500, 900, 1,200 , 1,300, and one above 1 ,5 00.Estimate the probability that a loss will be greater than 1 ,2 00 but lower than 1 ,5 00 ,based on:

Suppose now June can purchase insurance for the transport of her householde§ects at a price of q 2 (0; 1) per dollar of coverage. That is, if she chooses apolicy that covers a maximum of C in the event of a loss, she pays qC to theinsurance company and they agree to pay her in the event of a loss, the valueof her loss up to the agreed maximum cover of C. So, in particular, if she3takes out a policy with the maximum coverage of L, then she will be fullyinsured in the event of the truck crashing since her state-contingent wealthwill be M qL in the event the truck does not crash and M qL L + L =M qL in the event the truck crashes.(d) (5 points) Illustrate on your diagram from part (a) her state-contingentwealth bundles corresponding to the set of choices going from zero cov-erage (that is, C = 0) to full coverage (that is, C = L). [Hint: eachadditional dollar of coverage reduces Juneís wealth by q dollars in theevent the truck does not crash and increases it by q + 1 in the eventthe truck crashes.]

Insurance: An insurance company sells a 1-year term life insurance policy to an 80-year-old woman. The woman pays a premium of $3300. If she dies within 1 year, the company will pay $54,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 80-year-old woman will be alive 1 year later is 0.9398. Let X be the profit made by the insurance company.Part: 0 / 20 of 2 Parts CompletePart 1 of 2(a) Find the probability distribution.The probability distribution is

Consider an insurance company that offers a standard contract with the premium r=$300 and payout q=$500 to anyone who will purchase it. Alice has healthy-state income I_H=$700 and sick-state income I_S=$0. He has probability of illness p=0.6.Answer the following questions.If Alice purchases the insurance and stays healthy, her income will be $[C].If Alice purchases the insurance and ends up getting sick, her final income will be $[D].For Alice, the standard insurance contract is [E] (choose either fair or unfair) and [F] (choose either full or partial).

An insurance company has experienced a frequency of 10% over a time period. Their total loss costs are $500,000 during the same time period. The company has experienced potential exposure units of 10,000 during this time period. What is the insurance company’s severity during the time period?1,000500505,000

From the following information, calculate the amount of claim for loss of stock with Insurance CompanyB Ltd:Particulars Amount (`)Purchase for the year 2021 9,15,000Sales for the year 2021 12,00,000Purchase from 1.1.2022 to 30.6.2022 8,00,000Sales from 1.1.2012 to 30.6.2022 9,90,000Stock on 1.1.2021 1,35,000Stock on 1.1.2022 1,50,000You are informed that:(i) In 2022, the purchase prices raised by 20% above the level prevailing in 2021.(ii) In 2022, the selling prices hiked by 10% over the level prevailing in 2021.(iii) Salvaged value of stock `20,000.(iv) Fire insurance policy for `1,48,750 to cover the loss of stock by fire