NO.PZ2023040501000116
问题如下:
To evaluate Vermillion (a property and casualty company), Paulinic compiles the information presented in Exhibit 1.
Based only on the information in Exhibit 1, in 2017 Vermillion most likely: (curriculum)
选项:
A.
experienced a decrease in overall efficiency.
B.
improved its ability to estimate insured risks.
C.
was more efficient in obtaining new premiums.
解释:
The loss and loss adjustment expense ratio decreased from 61.3% to 59.1% between 2016 and 2017. This ratio is calculated as follows: (Loss Expense + Loss Adjustment Expense)/Net Premiums Earned. The loss and loss adjustment expense ratio indicates the degree of success an underwriter has achieved in estimating the risks insured. A lower ratio indicates greater success in estimating insured risks.
combined ratio after dividend decreased from previous year to current year.