the ratio of the annual claims paid by an insurance company to the premiums received
The ratio between the premiums paid to an insurance company and the claims settled by the company
The losses divided by the premiums paid The numerator (losses) can be losses incurred or losses paid, and the denominator (premium) can be earned premiums or written premiums, depending on what use is going to be made of the loss ratio (G)
The ratio of the total incurred claims made against an insurance policy divided by the total premiums Loss ratios are used as a method of indicating the amount of benefits returned to policyholders
The ratio of incurred losses and loss adjustment expenses to net premiums earned, expressed as a percent This ratio measures the company's underlying profitability, or loss experience, on its total book of business
The losses divided by the premiums paid The numerator (losses) can be incurred or losses paid, and the denominator (premium) can be earned premiums or written premiums, depending on what use is going to be made of the loss ratio
Losses incurred expressed as a percentage of premiums Also referred to as Claims ratio
Loss ratio is the percentage of each premium dollar that an insurer spends on claims For example, a company with a 90% loss ratio will spend 90 cents on claims for every dollar they collect as premium
The ratio of losses paid or accrued by an insurer to premiums collected over a year
The ratio used to measure the amount of claims reimbursed by HCCB versus the premium we collected to reimburse all claims Gross loss ratio includes acquisition expenses and our target for profitability is typically 62% or lower Net loss ratio is calculated using premium without acquisition expenses and our target for profitability is typically 98% or lower
In pricing health insurance, the loss ratio is a means of comparing claims losses to premium earnings To determine its loss ratio, an insurer divides the dollar amount of claims it incurred during a given year by the dollar amount of premiums it earned during the same year
One measure of the reasonableness of health insurance policy premiums that compares the ratio of total claims incurred to total premiums received for those policies
Incurred losses (including applicable IBNR) divided by earned premium for an accounting period Loss ratios can be calculated on an accident year basis