What is claim ratio ?
- 2 Answers
- 16218 Views
- I also Faced
- E-Mail Answers
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 |
what is mean by tax holiday?
can a shadow director be counted for the Board Quorum?
Role of Finance Manager in matters of dividend policy? Alternatives and factors that you may consider before finalizing dividend policy?
4 Answers Anna University, College School Exams Tests, Ericsson, ETC, Hindustan Drug House, IAF, ICICI, Ignou, MBA, Persistent, South Indian Bank, TATA, UPSC, Xansa,
is cs equivalent to post graduation course?
please tell me about Advance Bank Gurantee & Performance Bank Gurantee
what is Producer of a wounding up of a company?
How can i make entry of tds on salary in tally
hi Please help me for my interview in syntel so please guiad
"X" company paid the salaries to staff. Then what are the entry? Is debiting the employee A/c, or Salary A/c? If salary A/c debited, how we can find if "a" employee salary paid or not? If we debiting the employee A/c, how to find how much amount we paid for salaries?
tally9 different erp?
what is deferred profit ?
what cunditions of charged of exise duty
Audit 
