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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.
(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
the ratio of the losses paid by an insurer to premiums earned for a given period.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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|Noun||1.||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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