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A1b. Explain combined operating ratio (COR) or combined ratio as a performance measure for non-life insurance companies? Go through the below financials of ABC Insurance

A1b. Explain combined operating ratio (COR) or combined ratio as a performance measure for non-life insurance companies? Go through the below financials of ABC Insurance company. Calculate claims ratio, expense ratio and combined ratio and comment on the performance of ABC insurance company and provide few recommendations for improvement

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