Loss ratio definition: the ratio of the losses paid or accrued by an insurer to premiums earned, usually for a period of one year.. See examples of LOSS RATIO used in a sentence.
Define loss ratio. loss ratio synonyms, loss ratio pronunciation, loss ratio translation, English dictionary definition of loss ratio. n. The ratio between the premiums paid to an insurance company and the claims settled by the company. American Heritage
The meaning of LOSS RATIO is the ratio between insurance losses incurred and premiums earned during a given period.
loss ratio :Definition, Usages, News and More Search Words SearchBrowse You can search or browse for words loss ratio nthe ratio of the annual claims paid by an insurance company to the premiums received News & Articles loss ratio What is a Good Win Ratio?
Loss Ratio Definition of Loss Ratio Loss Ratio can be defined as the losses incurred by an insurer as a result of claims that are already paid in comparison to the premiums that are already earned and it represents how well an insurance company is actually performing, i.e., whether the ...
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while a low ratio showed that it was either charging too much orcoveringtoo little. However, this view has been criticized, at least in relation to health insurance, on the grounds that the integration of insurers and providers makes it difficult or impossible to calculate the ratio properly. ...
Electricity.a measure of the power lost in a system, as by conversion to heat, expressed as a relation between power input and power output, as the ratio of or difference between the two quantities. Discover More Other Words From pre·loss noun ...
6. (Electrical Engineering) a measure of the power lost in an electrical system expressed as the ratio of or difference between the input power and the output power 7. (Insurance) insurance a. an occurrence of something that has been insured against, thus giving rise to a claim by a pol...
A health insurance carrier that pays $8 in claims for every $10 in premiums collected has amedical cost ratio(MCR) of 80%. Under theAffordable Care Act (ACA), health insurance carriers were mandated to allocate a significant share of the premium to clinical services and the improvement of h...