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KOREAN AUTO INSURANCE-RELATED LOSS RATIO FALLS TO 72.4 PCT IN H1.
SEOUL, Nov 1 Asia Pulse - South Korean non-life insurers saw their average loss ratio for the auto insurance business fall to 72.4 per cent in April-September of 2004 from 74.8 per cent a year earlier, industry sources said Sunday.
The loss ratio in the period was also down from 76.7 per cent in their fiscal year 2003 that ended on March 31.
The fall in the ratio of the annual claims paid by the insurance company to the premiums received was mainly ...
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