What is the difference between the Loss Ratio and Expense Ratio?

We have already discussed the meaning and relevance of the Expense Ratio in the Insurance sector. However, it is imperative to understand various other ways that an insurance company uses to calculate its efficiency. In order to do that, we must know the importance of the Loss Ratio as part of the combined ratio that provides basic guidelines to the targets and achievements of the company’s underwritten policies. Check out the blog difference between the loss ratio and expense ratio.