The Net Underwriting Margin (NUM) is a key ratio for insurance
companies indicating whether or not an insurance firm has made an underwriting profit with premium earned greater than total policy expense as a percentage of total assets.
Correct Answer:
Verified
Q26: Statutory Accounting differs from GAAP accounting because
Q27: Property/casualty insurers' asset portfolios are likely to
Q28: The long tail in liability insurance refers
Q29: The law of large numbers suggests that:
A)
Q30: The combined ratio is an important measure
Q32: Property/Casualty insurance companies are often under statutory
Q33: A P/C insurance company has a loss
Q34: U.S. insurance companies are regulated solely by
Q35: A life insurance company has policy expenses
Q36: A P/C insurance company has loss expenses
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