Posts
LeoGlossary: Combined Ratio (Insurance)
25
@leoglossary
··
0 views
1 min read
Percentage relationship of the total of expenditure for insurance claims plus expenditure on insurance operations to earned premiums – all net. This is equivalent to the total of the loss and expense ratio. This is an important indicator when considering the profitability of a [policy(), a sub portfolio or a complete insurance portfolio. If this figure exceeds 100%, it results in a technical loss for the transaction in question.
General:
Posted Using LeoFinance Beta