Guides

• What Is a Loss Ratio? Formula, Examples and What “Good” Looks Like — How to calculate an insurance loss ratio, why incurred losses matter more than paid, and how to judge a loss ratio against the permissible loss ratio.
• The Combined Ratio Explained: Losses, Expenses and Underwriting Profit — What the combined ratio measures, statutory vs GAAP expense ratios, and how investment income turns into the operating ratio.
• Pro-Rata vs Short-Rate Cancellation: How Return Premium Is Calculated — The difference between pro-rata and short-rate cancellations, who pays a penalty and when, and how minimum earned premium changes the math.
• The Coinsurance Penalty: How Underinsurance Shrinks a Property Claim — How the property coinsurance clause works, a worked example of the penalty, and the practical ways to avoid it.
• How Insurance Commissions Work for Agents and Producers — New vs renewal commission, producer splits, contingent bonuses, and how commission revenue turns into agency value.
• Workers Comp Experience Mod Explained: How Claims Change Your Premium — How the NCCI experience modification factor is calculated, why frequency matters more than severity, and practical ways to lower a mod.
• How to Set a Business Interruption Limit That Actually Covers the Loss — A practical guide to business income worksheets: continuing expenses, the period of restoration, extended period of indemnity and extra expense.
• How to Choose a Deductible: Break-Even Years and Expected Cost — A simple, numbers-first way to decide between deductible options for property, auto and other P&C policies.
• Earned vs Written Premium: What Each One Tells You — The difference between written, earned and unearned premium, and why loss ratios use earned premium.
• Explaining Renewal Premium Increases to Clients — Separate exposure growth from rate change, and use the numbers to have a clearer renewal conversation.