The Unit of Measurement Used in Property and Casualty Insurance

question 32

Multiple Choice

The unit of measurement used in property and casualty insurance pricing is called the

• A)expense loading.
• B)premium.
• C)exposure unit.
• D)experience unit.

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Definitions:

Empathic

Being capable of recognizing and empathizing with the emotions of someone else.

Growth

An increase in size, number, value, or strength.

Humanistic Psychologists

Psychologists who focus on the individual's innate potential for growth and self-actualization, emphasizing a holistic perspective of human nature.

Self-concept

An individual's awareness and perception of their own personality, talents, and weaknesses, forming the basis of their identity.