Loss Triangle Definition:
Loss Triangle definition is: A loss table that shows the total losses over a certain period of time on certain regular price dates and reflects a change in value when the claim expires. The oldest period of the table has another entry compared to the next recent period, which leads to triangular figures in the table. It can show the losses paid or the total losses incurred. The loss triangle can be used to determine the evolution of losses for a particular risk.
A loss triangle is a graph that lists losses by line and year. Shows the value of each series of annual losses over the next 12 months.
Literal Meanings of Loss Triangle
Meanings of Loss:
The fact or action of losing someone else.
Sentences of Loss
Don't waste your time
Synonyms of Loss
mislaying, forgetting, overlooking, dropping, misplacement
Meanings of Triangle:
A flat figure with three right sides and three corners.
Sentences of Triangle
One sided triangle
Synonyms of Triangle
slice, triangle, tapered piece, section, segment