Losses

October 9, 2023 4 min read Definitions

Incurred Loss Ratio in General Insurance: Essential Guide

Finance Risk Management Insurance Insurance Incurred Loss Ratio Profitability Risk Management Premiums Losses

Understand the Incurred Loss Ratio in General Insurance. Learn how the ratio of losses sustained compares to money earned from premiums, enhancing your insurance knowledge.

October 4, 2023 4 min read Definitions

Policy Year Experience in General Insurance Terms

Finance Insurance Risk Management General Insurance Policy Year Experience Insurance Metrics Premiums Losses Actuarial Science

Understand the concept of Policy Year Experience, a method of assessing premiums earned and losses experienced during a 12-month policy term. Essential for anyone interested in general insurance terms.

October 3, 2023 5 min read Definitions

Understanding Loss Ratio in General Insurance Terms

Finance Insurance Studies Risk Management Insurance Loss Ratio Metrics Analysis Premiums Losses

Explore the definition and importance of loss ratio in the insurance industry. Learn how the ratio is determined by dividing the losses by premiums paid, with insights into incurred or paid losses and earned or written premiums.