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how are insurance prices or premium determined

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How is Your Insurance Price (Premium) Determined?

People often wonder why they pay the amount they do for their insurance policies. There…

Merchants Insurance GroupMarch 10, 2022

what is ratemaking and how are insurance prices determined

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What is “Ratemaking” and Why is it Important for Insurance Consumers?

Pricing, or “ratemaking”, is the process used to determine what prices, or rates, are charged…

Merchants Insurance GroupMarch 8, 2022