D Question 20 9.5 pts What key financial indicator can be displayed as: Underwriting Expenses Written Premium Underwriting ratio O Combined ratio O Overall operating ratio Loss ratio D Question 21 9.5 pts One of the basic characteristics of insurance is that losses are pooled. Which response is not true about loss pooling? Average losses become substituted for actual losses. The losses of a few members of the population are spread among many members. A large number of exposure units are grouped together. There is a reduction of both frequency and severity