Glossary
This glossary includes the most essential property and casualty insurance and life insurance terminology as well as financial statements terms used in Sampo Group. Because of different meanings in some cases in property and casualty insurance vs. life insurance, there are two different explations for some of the insurance terms.
You can move from an English word to an equivalent Finnish word by clicking the 'Suomeksi' button on the upper right hand corner of the web page.
C
Cost ratio
Cost ratio tells us how large portion of the premiums earned is needed to cover the expenses of the insurance business. It is thus a measure of the efficiency of the insurance company's operations. Lower cost ratio is of course better.
Calculation formula:
