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Loss Ratio of Automobile Insurance Industry Evens Out

Loss Ratio of Automobile Insurance Industry Evens Out

SEOUL, July 19 (Korea Bizwire) – The loss ratio in the automobile insurance industry refers to the total loss paid by an insurance company in the form of claims out of total collected premiums, for which the ratio must be kept at 78 percent for insurance companies to avoid incurring losses. However, the car insurance industry in [...]