Insurance Underwriting Practice Assignment Example | Topics and Well Written Essays - 1000 words

Insurance Underwriting Practice - Assignment Example This spread will be negative showing that the market considers its best on clients to lower the risk. Lending rates differ limiting the comparison. Claims on central side of annual growth will result to percentage of broad money. In the analysis, petrochemical will be managed by collection of underground samples hence high probability of oil in present. In comparison to private house, no investment of millions of money aimed while in petrochemical, there is cost estimation in terms of economic value. In this case, domestic production will be always higher in terms growth production all through out the year. the relation between price petrochemical and private house installation, generally, petro-chemical will have to move up hence having higher demand in pricing. Percentage tax on petro chemical in one year will be compared to risk premiums priced per year. Data required is counting the number of times each claim value has occurred. A reason for this is because a single measure of average claim value would be much more informative and efficient than listing each individual claim. Secondly, data required may be calculated using frequent distribution which could be simply calculated by counting the total number of time each claim value has occurred (Grey 120). Thirdly, frequent distribution is very simple in summarizing all types of numerical data including premium values. Independent variable is always measured on the horizontal axis whereas dependent variable is measured on the vertical axis. Relationship between existing variables shows that there is an input to the independent variables where else varies with dependent variables which shows the output (Grey 134). It is a straight line drawn through the center of a group of data points plotted on a scatter plot. This shows the results of gathering data on two variables. Line of best fit shows whether the two variables appear to be correlated (Grey 134). It is the most

Political Economy Essay Example | Topics and Well Written Essays - 1250 words

Political Economy - Essay Example In 1930 the Smoot-Hawley act was enacted to prevent U.S owners of factors of production from being threatened by the Great Depression at the time. The rates were set high to cushion them from incurring losses. On the other hand, the trading partners responded promptly by taking similar measures a move which worsened the economic condition that was prevailing. The congress was forced to act very fast in order to control the situation that was deteriorating and consequently the Reciprocal Trade Agreement Act was implemented in 1934.The act gave the president the powers allow for tariffs that met the thresholds that had been agreed jointly by the trading partners (Cooper, 2014,pgs 2-3). Political institutions play a major role in coming up with trade tariffs and trade policies. Their main purpose is to protect the interests of traders from being exploited by their trading partners. When they participate in coming up with the tariffs such as having bilateral and multilateral agreements, a lot of opportunities are opened up for the citizens of the country and businesses operate in an efficient manner. The decisions made in coming up with these trade tariffs and policies has political consequences for the government in power because producers are most likely to support regimes that come up with policies that favor them. On the other hand, producers are likely to disregard regimes that come up with unfavorable policies according to them because they seem to be undermining their operations (World Trade Report, 2007, Pg 55). The Great Depression in the 1930s forced the U.S to review its trade policies and tariffs. The country was forced to bend low the trade barriers so as to forge economic cooperation with other countries. Trade became liberalized although the move was seen to have some political agenda. The U.S congress was adamant to give the president freedom