An insurance company's projected loss ratio is 79.1 percent, and its loss adjustment expense ratio is 13.4
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An insurance company's projected loss ratio is 79.1 percent, and its loss adjustment expense ratio is 13.4 percent. It estimates that commission payments and dividends to policyholders will add another 15 percent. What is the minimum yield on investments required in order to maintain a positive operating ratio? (Round your answer to 2 decimal places. (e.g., 32.16))
Related Book For
Statistical Reasoning For Everyday Life
ISBN: 978-0134494043
5th Edition
Authors: Jeff Bennett, William Briggs, Mario Triola
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