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Old 05-15-2016, 11:44 AM
cixelsidmaikool cixelsidmaikool is offline
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Default EOM 6 - Defining Current Model

My initial approach to this exercise is to properly identify the existing model (office model approach, deterministic assumptions).

I am trying to establish whether it uses a micro or macro approach. I want to say it is the former, as it doesn't consider the impact from sold quantity and it doesn't represent the total cash flows for the company (since it only uses 20 scenarios and aggregates those to determine profit). It certainly isn't unit-based in the traditional sense spelled out in the readings though.

Is the above logic sound?
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Old 05-15-2016, 11:57 AM
cixelsidmaikool cixelsidmaikool is offline
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Also.. is 'Cost of Insurance' essentially the pricing aspect?

I'm struggling to see where Blackmore is setting a price otherwise.
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Old 10-02-2016, 09:50 PM
777888 777888 is offline
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Question EOM6: What does "Price" mean for UL product?

Is price the premiums to be paid by the policyholder?
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Old 02-28-2018, 03:17 PM
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unicorngrrrrrrrl unicorngrrrrrrrl is offline
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Bump... The model uses micro pricing, right? Because profitability is based on premium margin?
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