The ratio of the claims paid by an insurer to the premiums earned, usually for a one-year period.
Example sentencesExamples
Their loss ratio this last year was less than 50%.
Given the increasing need of camps to interact more effectively and consistently with insurance companies - especially if one is interested in impacting the camp's loss ratio - this makes good sense.
The industry's paid loss ratio is now 34 percent, a 15-year low and well below the break-even rate of 58 percent.
The net premium will be adjusted to ensure that cumulative paid loss ratio does not exceed 80% per annual period subject to a maximum net premium of £550 per certificate issued for the relevant annual period.
The increase in the cost of the premium was not related to the loss ratio or the dollar amount of the claims against the policy.
Definition of loss ratio in US English:
loss ratio
noun
The ratio of the claims paid by an insurer to the premiums earned, usually for a one-year period.
Example sentencesExamples
Given the increasing need of camps to interact more effectively and consistently with insurance companies - especially if one is interested in impacting the camp's loss ratio - this makes good sense.
The net premium will be adjusted to ensure that cumulative paid loss ratio does not exceed 80% per annual period subject to a maximum net premium of £550 per certificate issued for the relevant annual period.
The industry's paid loss ratio is now 34 percent, a 15-year low and well below the break-even rate of 58 percent.
The increase in the cost of the premium was not related to the loss ratio or the dollar amount of the claims against the policy.
Their loss ratio this last year was less than 50%.