Do non-premium related expenses = LAE and fixed expenses?
Some problems involve calculating the target loss ratio as
(1-V-Q)/(1+G)
where G is (non-premium-related expenses / Loss)
I've visited this thread, which mentions it.
http://ift.tt/1Eys68E
Some problems involve calculating the target loss ratio as
(1-V-Q)/(1+G)
where G is (non-premium-related expenses / Loss)
I've visited this thread, which mentions it.
http://ift.tt/1Eys68E
What are non-premium related expenses?
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