Overall loss ratios under 99%..The question at hand, is how were reserves set, at what actuarial level. Or, it will be interesting as it has been from year to year, to review those loss ratios as they mature in year 2006, 2008, 2010.
Under 99%, will undoubtedly end up in excess of 105%, but it does look good on paper.
Overall loss ratios under 99%..The question at hand, is how were reserves set, at what actuarial level. Or, it will be interesting as it has been from year to year, to review those loss ratios as they mature in year 2006, 2008, 2010.
Under 99%, will undoubtedly end up in excess of 105%, but it does look good on paper.
i cannot believe that companies still look at a 99% loss ratio as good. This basically means that the company lives from investment income.
Certainly if insurers are investment companies maybe we should set up mutual funds and do away with underwriting.
Many Made Profits Despite Storms—
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