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Terms Beginning with L
                       
                       
 Labor force participation rate   Leucopenia   London Good Delivery Standards  
 Large Deductible Policy   Leverage Adjusted Duration   Long-Term Total Return  
 Laws   Leverage Ratio   Longterm debt to Equity Ratio  
 LDL   LIBOR   Loss And LAE Ratio  
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 Leaching   Life-of-Mine   Loss Reserves  
 Lead   LIFO   Losses  
 Lead Concentrate   Light Crude oil   Losses Incurred  
 Leased Department Retail   Light Sweet Crude Oil   Lysate  
 LED Light Emitting Diode   Lloyds   Lysates  
                 
                   
 
 
       
       
 

Losses Incurred

Insurance Term


Losses Incurred is a term commonly used in the insurance industry to refer to the total amount of expenses an insurer has incurred as a result of an insurance claim. This includes all the costs associated with investigating, processing, and settling the claim, such as legal fees, appraisal fees, and adjuster fees, among others.

In insurance, the losses incurred is a crucial metric for determining the profitability of an insurance company. It is also used in calculating premiums for the next policy term. By analyzing the total losses incurred for a particular line of insurance coverage over a specific period, the insurance company can adjust the premiums for that coverage accordingly. For example, if the losses incurred for auto insurance are high, the insurance company might increase the premiums for auto insurance policies for the next policy term.

Moreover, insurers use the losses incurred metric to evaluate the effectiveness of their risk management strategies. If the losses incurred are consistently higher than expected, it could indicate that the company may need to re-evaluate their underwriting or risk assessment practices.

Overall, losses incurred is an essential metric in the insurance industry as it provides information on the financial impact of insurance claims, which helps insurers make informed decisions about future pricing and risk management strategies.


   
     

Losses Incurred

Insurance Term


Losses Incurred is a term commonly used in the insurance industry to refer to the total amount of expenses an insurer has incurred as a result of an insurance claim. This includes all the costs associated with investigating, processing, and settling the claim, such as legal fees, appraisal fees, and adjuster fees, among others.

In insurance, the losses incurred is a crucial metric for determining the profitability of an insurance company. It is also used in calculating premiums for the next policy term. By analyzing the total losses incurred for a particular line of insurance coverage over a specific period, the insurance company can adjust the premiums for that coverage accordingly. For example, if the losses incurred for auto insurance are high, the insurance company might increase the premiums for auto insurance policies for the next policy term.

Moreover, insurers use the losses incurred metric to evaluate the effectiveness of their risk management strategies. If the losses incurred are consistently higher than expected, it could indicate that the company may need to re-evaluate their underwriting or risk assessment practices.

Overall, losses incurred is an essential metric in the insurance industry as it provides information on the financial impact of insurance claims, which helps insurers make informed decisions about future pricing and risk management strategies.


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