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Reply #8: Another bad omen is people who know nothing about insurance... [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
TreasonousBastard Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-01-09 09:25 PM
Response to Reply #1
8. Another bad omen is people who know nothing about insurance...
talking about it.

"Loss ratio" is an almost ancient insurance term, and is used by all of them, and their underwriters, stockholders, regulators, analysts and actuaries and anyone else who cares to assess ratemaking, profitability, and just about everything else.

"Medical loss ratio" is simply the loss ratio of the health line if it is a multiline company with other insurance business.

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