Difference between revisions of "Automobile Insurance"

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Upon termination of a given coverage, the amount of premium collected minus the quantity paid out in claims is the insurer's underwriting profit on that coverage. Underwriting performance is measured by something called the "combined ratio", which is the ratio of expenses/losses to premiums. A mixed ratio of lower than 100 percent signifies an underwriting revenue, whereas something over one hundred signifies an underwriting loss.
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