Insurance companies must save a certain percentage of the premiums they receive to pay for claims. The amount set aside, the reserves, must be enough should a large group of policyholders experience a ...

Discover how the Investment Income Ratio evaluates insurance profitability through net income vs. premiums. Learn its ...

Statutory expenses derive from statutory accounting, a system of accounting used by the insurance industry in the United States. Most consider statutory accounting more conservative than accounting ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Unsplash One of the biggest concerns ...

Learn what a lapse ratio is, its benefits for insurers, and effective strategies to reduce policy lapses. Optimize your understanding of insurance policy renewals.

When most people buy insurance, they compare premiums, riders and bonuses and then sign on the dotted line. What they rarely check is the strength and behaviour of the insurer itself. That part is ...