NO.PZ202304050100011702
问题如下：
Based on Exhibit 1, YH’s combined ratio is closest to:
选项：
A.99.2%.
109.8%.
126.8%.
解释：
B is correct. The combined ratio is the sum of the loss expense & loss adjustment expense ratio and the underwriting expense ratio (in ¥ billions, except %):
C is incorrect. In this calculation, the loss expense & loss adjustment expense ratio incorrectly uses net premiums written as the denominator (in ¥ billions, except %):
A is incorrect. In this calculation, the underwriting expense ratio incorrectly uses net premiums earned as the denominator (in ¥ billions, except %):
为啥这道题不选A
讲义里面combined ratio = total insurance expense / the net premium earned，分母就是the net premium earned呀
