1. For last calendar year, two property insurers reported the following financial information for a same...
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1. For last calendar year, two property insurers reported the following financial information for a same specific line of insurance: No 1 2 3 4 Items Premium written Expenses incurred Incurred Loss and Loss Adjustment expenses Earned Premium Insurer A $ 40,000,000 $18,000,000 $23,000,000 $27,000,000 Insurer B $45,000,000 $36,000,000 $20,000,000 $40,000,000 a. What is the loss ratio for this line of coverage at two insurers? b. Calculate the expense ratio of two insurers c. What is the combined ratio of two insurers? d. Evaluate and compare the financial performance of these two insurers. 1. For last calendar year, two property insurers reported the following financial information for a same specific line of insurance: No 1 2 3 4 Items Premium written Expenses incurred Incurred Loss and Loss Adjustment expenses Earned Premium Insurer A $ 40,000,000 $18,000,000 $23,000,000 $27,000,000 Insurer B $45,000,000 $36,000,000 $20,000,000 $40,000,000 a. What is the loss ratio for this line of coverage at two insurers? b. Calculate the expense ratio of two insurers c. What is the combined ratio of two insurers? d. Evaluate and compare the financial performance of these two insurers.
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Based on the financial information provided for Insurer A and Insurer B we can calculate the loss ratio expense ratio and combined ratio to evaluate a... View the full answer
Related Book For
Principles of Risk Management and Insurance
ISBN: 978-0132992916
12th edition
Authors: George E. Rejda, Michael McNamara
Posted Date:
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