CFA Practice Question

There are 334 practice questions for this study session.

CFA Practice Question

Key performance ratios for three insurers

Insurers | Insurer A | Insurer B | Insurer C
Loss and loss adjustment expense ratio | 65% | 68% | 70%
Underwriting expense ratio | 37% | 27% | 29%

Which issuer is the most successful in acquiring and managing underwriting business?
A. A
B. B
C. C
Explanation: The expense ratio is an indicator of the efficiency of money spent on obtaining new premiums.

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