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Take a look at the combined ratio of insurer while buying an insurance

Take a look at the combined ratio of insurer while buying an insurance

Tuesday, June 27, 2017, 4:05 PM

This indicates a general insurance company’s total outflow in terms of operating expenses, commissions paid, and incurred claims and losses on its net earned premium. Opt for companies with lower combined ratio as it means that the expenses or losses of the company are lesser than its premium revenue for that time period.
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