Claims Ratio definition

Claims Ratio or "Loss Ratio" means Claims Incurred, net of reinsurance, expressed as a percentage of Net Earned Premiums.
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Claims Ratio is a ratio used to determine the Reinsurer's share of liability for certain items in Article XVI relating to a claim under a reinsured policy or rider. The numerator of the ratio is the Amount Reinsured on which Reinsurance Premiums have been computed. The denominator is the amount of the death benefit, as defined in the reinsured policy (and/or reinsured rider, if applicable), minus the cash value of the reinsured policy.
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Claims Ratio means the ratio of (a) the twelve (12)-month rolling average of claims expenses of APIC and Wyndham (in each case excluding Loss Adjustment Expenses) to (b) premium revenues of APIC and Wyndham during the same period, expressed as a percentage.
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Examples of Claims Ratio in a sentence

  • Except as provided in Paragraph 5 of this Article, Reinsurer shall not be liable for any punitive, exemplary or other extra- contractual damages awarded by a court against the Company with respect to a policy or rider reinsured under this Agreement, and the Reinsurer's liability therefor under this Agreement shall be limited to the Reinsured Amount plus its Claims Ratio of covered claims expenses and of statutory penalties.

  • Except as provided in Paragraph 5 of this Article, Reinsurer's liability shall include indemnification of the Claims Ratio of any covered claim expenses incurred by Company in defending or investigating a policy claim.

  • If the Company is required to pay penalties or interest imposed automatically by statute, other than penalties or interest arising from Company's negligent or intentional violation of such a statute, Reinsurer shall indemnify the Company for the Claims Ratio of such penalties and interest.

  • For purposes of the preceding sentence, the numerator of the Claims Ratio shall be recalculated by deducting Reinsurer's share of any recovery under (iv) of the preceding sentence, and the denominator of the Claims Ratio shall be recalculated by deducting the total amount of any recovery under (iv) of the preceding sentence.

  • Claims Ratio - the Reinsured Net Amount at Risk on which reinsurance premiums have been computed divided by the Policy Net Amount at Risk calculated as of the date of the last premium payment.

  • The Offeror must provide its Shipment Claims Ratio for calendar or fiscal year 2019.

  • Historical A ratio the numerator of which is the total claims expense Claims Ratio of a Client Company, the denominator of which is the total claims expense for all Client Companies using the service.

  • Measured on a monthly basis, a twelve (12) month average combined Claims Ratio that is not more than ten percent (10%) higher than the ratio in Borrower’s business plan that was submitted to Administrative Agent pursuant to Section 6.2, but in any event not greater than seventy percent (70%).

  • High Claims Ratio Loading (MALUS): The total premium payable at renewal of the Group Policy will be loaded at the following scale depending upon the incurred claims ratio for the entire group insured under the Group Mediclaim Insurance Policy for the preceding year (immediately preceding the date of renewal).


More Definitions of Claims Ratio

Claims Ratio means the total sum of claims incurred on own account including claims-adjustment costs in relation to Premiums Earned on own account, expressed as a percentage.
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Related to Claims Ratio

  • Adjusted Quick Ratio is the ratio of (a) Quick Assets to (b) Current Liabilities minus the current portion of Deferred Revenue.

  • 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.

  • Funded Debt Ratio means, as of any date, the ratio of (a) Funded Debt as of such date to (b) EBITDA, as calculated for the four consecutive fiscal quarters of the Company most recently ended.

  • Total Debt Ratio means, at any time, the ratio of (i) Total Debt of the Company and its Subsidiaries on a combined consolidated basis as of such time to (ii) EBITDA for the four fiscal quarter period ending as of the last day of the most recently ended fiscal quarter as of such time.

  • Loss-to-Liquidation Ratio means the ratio (expressed as a percentage) computed as of the last day of each calendar month by dividing (i) the aggregate Outstanding Balance of all Receivables which became Defaulted Receivables during such month, by (ii) the aggregate amount of Collections received by the Collection Agent during such period.