One reason for the recent decline in the expense ratio for PC insurers is an increase dependence on independent brokers to sell and distribute insurance policies.

Question

Quizplus · Accepted Answer

The decline in the expense ratio for PC (Property and Casualty) insurers is often attributed to advancements in technology and automation, which reduce operational costs, rather than an increased dependence on independent brokers.

One Reason for the Recent Decline in the Expense Ratio