- CFA Exams
- CFA Level I Exam
- Study Session 5. Financial Reporting and Analysis (1)
- Reading 16. Analysis of Financial Institutions
- Subject 4. Analyzing an Insurance Company
CFA Practice Question
The ______ ratio indicates the quality of an insurer's underwriting activities.
A. underwriting expense
B. underwriting loss
C. combined
Explanation: It is an indicator of the quality of a company's underwriting activities - the degree of success an underwriter has achieved in estimating the risks insured.
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