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loss ratio |
Also found in: Medical, Financial, Acronyms | 0.02 sec. |
loss ratio n
(Business / Insurance) the ratio of the annual losses sustained to the premiums received by an insurance company ThesaurusLegend: Synonyms Related Words Antonyms
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As insurers know less about a new business risk than a renewed risk, it may take several years for new business loss ratios to reach the more favorable loss ratio levels of the renewal book of business. ``Their loss ratios were much higher, so combined, our loss ratio has gone up. Softening motor insurance market conditions were evident as the loss ratio of the top 20 insurers increased in 2005. |
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