What is claim ratio ?
Answers were Sorted based on User's Feedback
Answer / nanda s patil
it is in the general, marine,life insurance subject. it is
total of claims paid by general insurance plus losss
adjustments divided by premium earned.also called loss ratio
| Is This Answer Correct ? | 30 Yes | 2 No |
Answer / neha
The ratio of the cost of claims to the corresponding
premiums, either gross or net of reinsurance. The claim
ratio could, for example, be:
* the ratio of the incurred claims cost to the written
premium for a given underwriting year
* the ratio of the estimated ultimate claims cost to the
estimated ultimate premium for a given underwriting year
* the ratio of the incurred claims cost to the earned
premium for a given accounting year or year of exposure; or
* the ratio of the estimated ultimate claims cost to the
earned premium for a given accounting year or year of exposure
In the latter two examples the numerator could also include
the estimated change in the cost of claims that occurred in
earlier years. Similarly, the denominator could include
changes in earned premium in respect of earlier years.
Claim ratios may relate to periods other than a year.
| Is This Answer Correct ? | 12 Yes | 9 No |
Does any one attented HSBC audit compliance test? Please let me know asap. suraj
what need to b a cs is graduation is necessary?
WHAT IS THE PROCESSOR OF IMPORT & EXPORT
How do you value a company
3 Answers Capital IQ, Deloitte,
How to analyse the day to day sensex Points or Forex Values?
Is form 38 mandatory to issue c form in up. thru online mode
what is meant by search report of the company n why is it prepared?
how can ratio analysis help to the company
i have cleared c.s inter. for the purpose of training i want to know the companies who are providing training of c.s in punjab state.please help me in this.
I want to validate Customer credit payment with customer invoice, When billing time, the system check the customer credit payment, if customer credit is lesser than customer bill, system should not allow the billing further process. Can I configure in sap
How can i treat the tds in the Books of Deeductee. Example suppose my company recives an amount on Job work charges by giving tds to a deductor company. Then will i creat it under tax and liability ledger or other.
what is subsidiary company, explain brief?