loss ratio


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loss ratio,

n the relationship between the money paid out in benefits and the amount collected in premiums.
References in periodicals archive ?
For the six months ended June 30, 2014, the current accident year loss ratio increased 1.
Stacey Pogue of the left-leaning Center of Public Policy Priorities, which also sent a comment to HHS on the implementation of the medical loss ratio provisions, said there is already proof from insurance companies that the new federal standards decrease health insurance premiums over time.
The state also expressed concern that if other New England states offered individual plans subject to lower medical loss ratios, it could further destabilize New Hampshire's market by driving business across the border.
For employers with employees in more than one state, the applicable medical loss ratio will be determined based on the state where the policy was issued or delivered as stated in the contract.
14) However, the beta estimates are tightly distributed around the expected value only when at least one large catastrophe occurs (producing a mean catastrophe loss ratio of at least 0.
An insurer with 1,000 to 75,000 people enrolled for an entire calendar year is considered to have "partially credible" experience, and, accordingly, the regulation adds a "credibility adjustment" to its medical loss ratio.
These models measure the elasticity of the loss ratio with respect to changes in either premium volume or claim counts.
Advising agents with less than 3 percent growth and sub-20 percent loss ratios that they are not performing adequately.
The above discussion implies that for any one particular insurer, the loss ratio incorporates the multitude of underwriting variables and is an appropriate variable for assessing the statistical usefulness of a new potential underwriting variable such as credit score.
For example, when the June 1993 contract was first introduced in December of 1992, the market formed some sort of expectation as to what the catastrophic loss ratio would be for the first quarter of 1993.
The market's loss ratio improved significantly due to hardened rates