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MAP20100096666Auden, James B.Property-Casualty insurer expense analysis / James B. Auden, Christopher A. Grimes. — New York : Fitch Ratings, 2010Sumario: Expense management has taken on greater importance for insurers as economic conditions and shrinking premium bases challenge top line growth. This has fostered a steady increase in the underwriting expense ratio to 28% for full-year 2009, compared with a hard market low of 25% in 2003. This report examines changes in industry underwriting expenses for property/casualty insurers over time and expense differences by business segment. The analysis also compares expense ratio differences for major industry participants1. Seguro de daños patrimoniales. 2. Ratios de gestión. 3. Mercado de seguros. 4. Empresas de seguros. 5. Estados Unidos. I. Grimes, Christopher A.. II. Fitch Ratings. III. Título.