Law of Large Numbers in Insurance



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nisha marie

Very helpful!!! Well explained, Thank u!! Looking for more lectures!

Abena Mandy

this is more easy to understand

Enrique Lara

Great!✌️

Bernardo Mondragón Brozon

In insurance, if you charge the expected loss the company will loose 50% of the time.

Supposing that you have alredy loaded the premium to cover operating expenses, how would you call that loading that accounts for that fact (pure risk premium is not enough)?

In other words, how do you determine that extra amount that is charged that account for the fact that there is a variance and company must not go broke?

Lisa B.

Thank you for sharing your knowledge. Reading the definition of the Law of Large Numbers and watching other videos did not help me make sense of the concept, but the way you explained it made total sense to me. Looking forward to watching the rest of your videos.

Certain Things

Thank you.

kiiss rajabu

Yeeh thats good …we need another section

Khumbo Mabaso

this is a nice introduction i appreciate but what is it spesiffically is the implication in insurance

Luis Carlos

Thank You 🙂