An insurance company's projected loss ratio is 77.5 percent and its loss adjust- ment expense ratio is
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An insurance company's projected loss ratio is 77.5 percent and its loss adjust- ment expense ratio is 12.9 percent. The company estimates that commission payments and dividends to policyholders will be 16 percent. What must be the minimum yield on investments to achieve a positive operating ratio?
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Financial Institutions Management A Risk Management Approach
ISBN: 9780073530758
7th Edition
Authors: Anthony Saunders, Marcia Cornett
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