Question

What does the Net Retention Ratio (%), in the context of Total Premium, First Premium, Single premium, and Renewal Premium, represent for a life insurance company?

a.

Percentage of premiums retained by the company

b.

Loss ratio

c.

Efficiency in policy issuance

d.

Percentage of expenses to total premium income

Answer: (a).Percentage of premiums retained by the company Explanation:The Net Retention Ratio (%) represents the percentage of premiums retained by the company in the context of Total Premium, First Premium, Single premium, and Renewal Premium.

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Q. What does the Net Retention Ratio (%), in the context of Total Premium, First Premium, Single premium, and Renewal Premium, represent for a life insurance company?

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