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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.

Premiums in force

Life insurance policies that are still in effect at a specific moment are referred to as "in-force" policies. The total value of these policies can be calculated by adding t...

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Life insurance

When it comes to insurance, there are three main types to consider: ordinary life insurance, term insurance, and whole life insurance. Ordinary life insurance provides cover...

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Hospice

In the world of finance, there exists a concept known as end-of-life care, which refers to the provision of compassionate and respectful treatment to those nearing the end o...

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Agent

Insurance is a financial product that is sold through two types of agents: independent agents and exclusive agents. Independent agents work for themselves and represent mult...

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