Definitions for "Loss ratio"
Keywords:  premium, incurred, earned, ratio, claim
The rate of incurred losses to earned premiums.
In property and liability insurance, the percent that losses bear to premiums for a given period.
In reinsurance, the ratio of losses incurred to net earned reinsurance premiums. The term attritional loss ratio is defined as the ratio of ATTRITIONAL LOSSes to net earned premiums where the term attritional losses is taken to mean losses other than MAJOR LOSSes.
Keywords:  definition