Claims Ratio

Claims Ratio,

What is The Definition of Claims Ratio?

  • You can define Claims Ratio as, The percentage of net insurance claims earned as a percentage is the net premium. The calculation is done keeping in view the effect of the exchange rate. In 2017, the ratio was 58% (2016: 48%). This equates to a total of US 1 1,075.7 million (2016: US $ 855.6 million) divided by net premiums received of US 1 1,879.4 million (2016: US $ 1,768.2 million).

  • Net ownership, including IBNR, as a percentage of net premium earned.

Literal Meanings of Claims Ratio

Claims:

Meanings of Claims:
  1. Explain or admit that something has happened, there is usually no evidence or proof.

  2. Formal request or request to say we won or won (some)

  3. Cause of loss (someone's life)

  4. Confirm that something is OK.

  5. Requests or demands for something appropriate.

Sentences of Claims
  1. The Prime Minister expressed concern over the debt of the Third World

  2. If no one claims the item, it belongs to the Crown

  3. Five people were killed in the attack

  4. Threatened by allegations that he had links to the CIA

  5. The court rejected his asylum application

Synonyms of Claims

representation, profess, avow, hold, assert ownership of, profession, protest, application, take, assert, declare, assertion, aver, attest, insist, averment, formally request, affirmation, maintain, lay claim to, declaration

Ratio:

Meanings of Ratio:
  1. A quantitative relationship between two quantities that indicates how many times one value contains another or is present in another.

Sentences of Ratio
  1. The employment rate for men and women is 8 to 1

Synonyms of Ratio

comparative number, relationship, correspondence, quantitative relation, correlation, proportion, balance, comparative extent