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Picture a line graph representing the entire book of business with the age of accounts listed on the x-axis and the average loss ratio on the y-axis. This type of graph tends to have high loss ratios in years 1 and 2 and then depict a decreasing trend in successive years. Why do you feel that this is the case?
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Commercial Underwriter

Interviewed at Plymouth Rock Assurance

3.3★
Apr 25, 2014

Picture a line graph representing the entire book of business with the age of accounts listed on the x-axis and the average loss ratio on the y-axis. This type of graph tends to have high loss ratios in years 1 and 2 and then depict a decreasing trend in successive years. Why do you feel that this is the case?

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