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General - Coggle Diagram
General
Practicalities
Cost
Time
On-going maintenance
Staff training
IT constraints - data storage
Data available
Customer impact
Legislation / Regulation
Solvency II
FCA Pricing Practices
Internal governance
Cost of claims
Frequency
Number exposed
Proportion who will claim
Proportion of claims that will be successful
Propensity to claim
Severity
Consider benchmark data
Morbidity rates
Incidence rates
Commission a study
Legal costs
Admin costs
Buzzwords
Groupings - homogeneous