loss ratio

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Related to Actual Loss Ratios: Paid Loss Ratio

loss ratio

n.
The ratio between the premiums paid to an insurance company and the claims settled by the company.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

loss ratio

n
(Insurance) the ratio of the annual losses sustained to the premiums received by an insurance company
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

loss′ ra`tio


n.
the ratio of the losses paid by an insurer to premiums earned for a given period.
[1925–30]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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)
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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References in periodicals archive ?
We can then compute expected loss ratios as the ratio of expected losses to generated charged premiums, which we then compare with actual loss ratios.
To illustrate the estimation results obtained from using the weighted moving averages and setting [alpha] according to the RMSPE criterion, in panels 1.1 to 1.5 in chart 1, the actual loss ratios are compared with the forecasts of loss ratios for the five lines of insurance in the experiment.