loss ratio

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loss ratio

n.
The ratio between the premiums paid to an insurance company and the claims settled by the company.

loss ratio

n
(Insurance) the ratio of the annual losses sustained to the premiums received by an insurance company

loss′ ra`tio


n.
the ratio of the losses paid by an insurer to premiums earned for a given period.
[1925–30]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.loss ratio - the ratio of the annual claims paid by an insurance company to the premiums received
ratio - the relative magnitudes of two quantities (usually expressed as a quotient)
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References in periodicals archive ?
It has established a risk-management framework especially for the SME sector, which help to minimise its actual loss ratio.
Officials approved the Metropolitan increase request for the TIAA block, noting that the actual loss ratio for the block appears to be 86 percent and could eventually exceed 100 percent.
Under today's settlement, QBE must file with DFS a premium rate with a permissible loss ratio of 62 percent; re-file its rates with DFS for review every three years; re-file its rates should they result in an actual loss ratio of less than 40 percent for the prior calendar year; and report annually to DFS on its actual loss ratio, earned premiums, itemized expenses, losses, and reserves.
If Assurant's actual rates in any year result in an actual loss ratio of less than 40 percent for the immediately preceding calendar year, Assurant will be required to re-file its rates for the next year for DFS review in order to bring the loss ratio back up.
The actual loss ratio used can be no lower than 35 percent.
Second, the catastrophic loss was computed as the difference between the actual loss ratio and the estimated loss ratio.