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What is retroactive ratemaking in insurance?

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Question added by Afzal Biya Bani Shaik Gulam , Group Insurance Coordinator , Al-Muhaidib Group of Companies
Date Posted: 2016/12/20
peter obara
by peter obara , ADMINISTRATOR , OLD MUTUAL ASSURANCE COMPANY

Its an insurance pricing method whereby the premium is directly affected by the losses incurred during the policy tenure

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