Assumed Loss Ratio - How To Discuss
Assumed Loss Ratio,
How Do You Define Assumed Loss Ratio?
Assumed loss ratio is the expected amount which may be required to pay claims to the insurer as an index of total premiums received. These losses also include claims settlement costs and other losses that the insurer may incur. The loss ratio is calculated by adding to the claim adjustment and dividing by the total premium.
Literal Meanings of Assumed Loss Ratio
Assumed:
Meanings of Assumed:
Taken or adopted (whatever the form or identity), never wrong.
Accepted as the basis of the expected argument.
Sentences of Assumed
Possible election results
Synonyms of Assumed
pretended, made-up, adopted, feigned, affected, false, counterfeit, invented, fictitious, sham, pseudo, bogus, improvised, spurious, concocted, fake, make-believe, faked
Loss:
Sentences of Loss
Avoid wasting time
Synonyms of Loss
forgetting, mislaying, misplacement, overlooking, dropping
Ratio:
Meanings of Ratio:
A quantitative relationship between two quantities that indicates how many times one value is included or whether another quantity is included.
Sentences of Ratio
The male to female employment ratio is 8 to 1
Synonyms of Ratio
proportion, balance, comparative extent, correspondence, comparative number, quantitative relation, correlation, relationship
Assumed Loss Ratio,
What is The Meaning of Assumed Loss Ratio?
The ratio of the accumulated loss to the expected amount is what the insurance company may have to pay in relation to the total premium received. The loss ratio is divided by including the claim adjustment and the total premium.
Literal Meanings of Assumed Loss Ratio
Assumed:
Meanings of Assumed:
Let's just say without any proof.
Assume or start (power or responsibility).
Begins to happen (a certain standard, a certain aspect or a certain limit).
Sentences of Assumed
Topics that require detailed information about local events.
Take full responsibility for all the work of the organization.
Militant activity has reached epidemic proportions.
Synonyms of Assumed
come to the conclusion, think, reason, take on oneself, take it as given, suspect, turn one's hand to, be given to understand, take up, gather, take on, shoulder, suppose, guess, draw the inference, deal with, infer, presuppose, bear, understand, conclude, surmise, opine
Loss:
Meanings of Loss:
The fact or action of losing something or someone.
Synonyms of Loss
waste, squandering, diminution, depletion, disappearance, privation, forfeiture, impoverishment, deprivation, erosion, reduction, losing, dissipation
Ratio:
Meanings of Ratio:
A quantitative relationship between two quantities indicates how many times one value contains or is included in another.
Sentences of Ratio
The employment ratio between men and women is 8 to 1.
Synonyms of Ratio
fraction, quotient, percentage, comparative number/extent
