The ratio of addition of the incurred losses and operating expenses as part of the percentage of earned premium is known as the Combined Ratio. It measures the profitability of the insurance company to find out its performance in day to day operations.  It basically gauges the...

Abandonment Value of a project is the correspondent cash value on immediate liquidation or sale after removing all debts which have to be paid back. In other words, it is also the liquidation value of the project or an asset. Generally, if the estimated resale value of...