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Studies and Reports terms
The data on what drivers actually pay.
Combined ratioA measure of insurer underwriting profit: claims and expenses as a percentage of premium, where under 100 means a profit and over 100 a loss.Direct written premiumThe total premium an insurer charges on policies it writes in a period, before reinsurance, used to measure market share and company size.Earned premiumThe share of a policy's premium that pays for the part of the term already past; the rest is unearned and refundable on cancellation.Loss ratioThe share of premium an insurer pays out in claims, often including claim-handling costs; a key number in rate filings and profit reports.