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loss ratio |
Also found in: Dictionary/thesaurus, Financial, Acronyms | 0.03 sec. |
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loss ratio, n the relationship between the money paid out in benefits and the amount collected in premiums. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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As insurers know less about a new business risk than a renewed risk, it may take several years for new business loss ratios to reach the more favorable loss ratio levels of the renewal book of business. ``Their loss ratios were much higher, so combined, our loss ratio has gone up. Softening motor insurance market conditions were evident as the loss ratio of the top 20 insurers increased in 2005. |
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