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.
Discover what the Paid Claims Loss Ratio in Health Insurance is, how it’s calculated, and its importance. Learn the key components and implications for policyholders and insurers.
Learn about Net Interest Earned in the context of general insurance. Understand how insurers calculate the average interest earned on investments after expense but before income taxes.
Learn about the lapse ratio in life insurance, a key metric that evaluates the proportion of lapsed contracts compared to the total number in effect over a specific time period.
Discover the concept of Member Month in health insurance, a metric indicating the amount of participants considered members each month. Learn its significance in health insurance policies and regulations.
Learn what loss frequency means in the context of general insurance. Discover how frequently losses occur within specific time frames and its significance in risk assessment and policy pricing.
Understand the concept of Policy Year Experience, a method of assessing premiums earned and losses experienced during a 12-month policy term. Essential for anyone interested in general insurance terms.
Learn about Participation in Health Insurance: gauging the number of employees enrolled in a plan relative to those eligible for coverage.
