LOSSES RATIO MUST BE PREDICTABLE - PART 1

GREETING INSURANCE ,
Welcome to bloggers to join the new look of this website . Currently we have entered the fourth trait that a potential loss ( loss that may occur ) can be insured in accordance with the basic principles of insurance . The fourth concerns the nature of probailitas , opportunities , law of large numbers and the ratio of an event through an experience that never happened . The fourth trait is the ratio of the loss must be predictable .
The insurance company should be able to estimate the value the appraiser a loss , or loss rate , in order to provide payment when a loss occurs . Loss rate ( loss rate ) is the number of losses in a period that would occur in a group of insured in case the insured takes place .
The insurance company should be able to estimate the loss rate to determine the proper amount of premium charged on each policyholder and to ensure adequate amount of funds available in the event of a claim .
Although throughout the years , humans have tried to predict the crystal ball , tarot cards and tea leaves of induced determine his fate in the future , but from the point of view of the individual , the loss which may be suffered was not foreseeable .
Similarly, human and insurance companies , no one can predict the exact time that a person will die , will be deformed , or have to be hospitalized . However , from a large group of stamps can be estimated accurately at all , how many to death , disability or need hospital treatment within a certain period .
Estimates of future losses is based on the concept , that although the events that arise seemingly irregular , but in fact followed a pattern . If the pattern was identified through observation of the past , it is likely that the event will occur , which is called the probability of the event can be determined .
Read more yes bloggers in Need Input Ratio Losses - Part 2
GREETING INSURANCE
NATURE OF INSURANCE

    1. Losses must contain uncertainty .
    2. Losses should be limited .
    3. Loss must be significant ( mean ) .
    4. The ratio of the loss must be predictable .
    5. Loss is not a disaster for the party .