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.
什么时候考虑div ratio？问题题一般会这么问？
