Percentage of each premium rupee a property/casualty insurer spends on claims and expenses is called____

A)
Actual Loss Ratio
B)
Acts of God
C)
Combined Ratio
D)
Actuarial Cost Assumptions

Correct Answer : Option (C) - Combined Ratio



The combined ratio is defined as the sum of incurred losses and operating expenses measured as a percentage of earned premium.

Published On : June 2, 2021
Category : Insurance and Finance