Explain what is meant by loss ratio and expense ratio for a propertycasualty insurance company. If an
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Explain what is meant by “loss ratio” and “expense ratio” for a property‐casualty insurance company. “If an insurance company is profitable, it must be the case that the loss ratio plus the expense ratio is less than 100%.” Discuss this statement.
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The loss ratio is the ratio of payouts to premiums in a year The expense ra...View the full answer
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