At P&C insurers, if the combined ratio is less than 100%, the premiums charged were sufficient to cover

Name: At P&C insurers, if the combined ratio is less than 100%, the premiums charged were sufficient to cover
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The combined ratio is the ratio of losses and expenses incurred by an insurer to the premiums earned. If the combined ratio is less than 100%, it means that the premiums charged were sufficient to cover both the losses and expenses incurred by the insurer.

At P&C Insurers, If the Combined Ratio Is Less Than