Understanding the combined ratio in general insurance, which combines expense and loss ratios. Learn why a combined ratio under 100% indicates a loss and over 100% indicates a profit in underwriting.
Learn about the expense ratio in general insurance, which represents the portion of the premium dedicated to paying the insurer’s expenses, excluding losses.
Explore comprehensive definitions, etymologies, synonyms, antonyms, facts, quotes, government regulations, references, and quizzes related to insurance terms. Ideal for professionals, students, and enthusiasts.