What does the expense ratio measure? Identify and explain the two major sources of expense risk to a property–casualty insurer. Why has the long- term trend in this ratio been decreasing?
Answer to relevant QuestionsHow is the combined ratio defined? What does it measure?You deposit $ 12,000 annually into a life insurance fund for the next 30 years, after which time you plan to retire. a. If the deposits are made at the beginning of the year and earn an interest rate of 7 percent, what will ...An insurance company’s projected loss ratio is 64.8 percent and its loss adjustment expense ratio is 25.6 percent. The company estimates that commission payments and dividends to policyholders will be 6 percent. What must ...What are the key activity areas for securities firms? How does each activity area assist in the generation of profits and what are the major risks for each area?Using Table which type of security accounts for most underwriting in the United States? Which is likely to be more costly to underwrite: corporate debt or equity? Why?
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