Usually workers comp is less than the Liability Insurance. The Liability is based off of the gross receipts where as the workers comp is the number of employees and their hourly rate.
yes
Insurance penetration is calculated as the ratio pf the percentage of total insurance premiums (in US dollars) to gross domestic product. Insurance density is calculated as the ratio of total insurance premiums (in US dollars) to total population.
Yes, taxes and insurance are typically included in the debt-to-income ratio calculation. This ratio compares a person's monthly debt payments to their gross monthly income, including expenses like taxes and insurance.
National Insurance Co.Limited under the GIC umbrella has the highest claim settlement ratio in India.
Probably because, they are the best insurance company in India and have the highest claim settlement ratio
Loss Ratio in insurance is the ratio of total losses paid out in claims plus adjustment expenses divided by the total earned premiums. If an insurance company, for example, pays out $60 in claims for every $100 in collected premiums, then its loss ratio is 60%.
Loss Ratio in insurance is the ratio of total losses paid out in claims plus adjustment expenses divided by the total earned premiums. If an insurance company, for example, pays out $60 in claims for every $100 in collected premiums, then its loss ratio is 60%.
All Insurance companies released its annual report which contain claim settlement ration. The calculation is done by dividing the total number of claims received by the total number of them settled. e.g If a insurance company receives 1000 claims and they settles 980 claims,than the claim settlement ratio for that particular insurance company is 98%.
Car insurance is typically not included in the debt-to-income ratio calculation because it is considered a variable expense rather than a fixed debt obligation.
PMI insurance for a mortgage loan is typically calculated based on the loan-to-value ratio of the home. This ratio is determined by dividing the loan amount by the appraised value of the property. The higher the ratio, the higher the PMI premium.
Visit the Life Insurance Companies' sites, find out their claim settlement ratio so that you can have a glimpse of their performances and choose the ideal one.
Several factors affect your rates for life insurance, including your age, gender, weight-to-height ratio, health, family health history, if you smoke or not, on medication, cholesterol level, type of life insurance, occupation and hobbies.