Actual loss ratio definition

Actual loss ratio means a retrospective calculation and calculated as the benefits incurred divided by the "premi- ums earned," both measured from the beginning of the calcu- lating period to the date of the loss ratio calculations.
Sample 1Sample 2Sample 3
Actual loss ratio means incurred claims divided by earned premiums at rates in use.
Sample 1Sample 2Sample 3
Actual loss ratio as to any Adjustment Period means the ratio of Losses Incurred to Net Earned Premium for such Adjustment Period.
Sample 1Sample 2Sample 3

Examples of Actual loss ratio in a sentence

  • This can be illustrated by the following:Rate change = A - E = 0.80 - 0.70 = 0.143, or 14.3%E .70where A =Actual loss ratio E =Expected loss ratio Merit RatingThe third principal type of rating in property-casualty insurance is merit rating.


More Definitions of Actual loss ratio

Actual loss ratio means the ratio that the total of the Incurred Losses and Loss Adjustment Expenses, including payments under this endorsement, for the preceding twelve months, bears to the total Earned Premium for all coverages under this Policy for the preceding twelve months.
Sample 1
Actual loss ratio means the sum of paid losses and loss reserves, as a percentage of earned premiums.
Sample 1
Actual loss ratio means, for large employer coverage issued by a dental carrier, the ratio of
Sample 1

Related to Actual loss ratio

  • Loss Ratio means the ratio (expressed as a percentage) of the total amount of losses on claims associated with insurance policies incurred during a specified period to premiums earned during such period. The loss ratio is a key measure of underwriting profitability and the quality of the insurance portfolio and is used for comparisons to industry benchmarks and internal targets.

  • Loss Horizon Ratio means, for any Calculation Period, the quotient, expressed as a percentage, of (a) the aggregate initial Unpaid Balance of Eligible Receivables which arose during the four most recent Calculation Periods, divided by (b) the Net Pool Balance as of the most recent Month End Date.

  • Consolidated Asset Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Assets to (b) the sum of the aggregate amount of Revolving Borrowings and Term Loans then outstanding.

  • Adjusted Revenue means revenue less Digital Platform Fulfilment Revenue.