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
Meanings of Claims:
Explain or admit that something has happened, there is usually no evidence or proof.
Formal request or request to say we won or won (some)
Cause of loss (someone's life)
Confirm that something is OK.
Requests or demands for something appropriate.
Sentences of Claims
The Prime Minister expressed concern over the debt of the Third World
If no one claims the item, it belongs to the Crown
Five people were killed in the attack
Threatened by allegations that he had links to the CIA
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
Meanings of Ratio:
A quantitative relationship between two quantities that indicates how many times one value contains another or is present in another.
Sentences of Ratio
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