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Insurance

Combined ratio

Let's explore the concept of combined ratio, a fundamental metric in the world of finance and insurance. Essentially, it measures the percentage of each premium rupee that a property/casualty insurer spends on claims and expenses. A decrease in this ratio indicates an improvement in financial results, while an increase suggests a decline. It is worth noting that a combined ratio of over 100 signifies an underwriting loss for the insurer. Understanding this ratio is crucial for assessing an insurer's overall performance and financial health.

Attained Age

Your current age plays a significant role in the world of finance, particularly when it comes to life insurance. This is known as your attained age and it is a key factor in...

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Medical payments insurance

Insurance is a contractual agreement between an insurer and the insured, in which the insurer provides financial protection against potential losses. One type of coverage is...

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Hazards

Perils are potential events that could result in financial loss. These losses are often influenced by certain conditions that increase the likelihood of occurrence. For inst...

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Occupational disease

A common term in the world of finance, occupational disease refers to any abnormal condition or illness that arises due to work-related factors. Often overlooked, this is a ...

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