Important quantitative measure for an insurance company indicating the percentage of each premium dollar that is going to pay for losses. Based on losses incurred, appropriate reserves are established. Changes in incurred losses over several policy periods indicate the trend in the loss picture and the accuracy of the basic premium charged to reflect expected losses.
Losses Incurred
| Insurance Dictionary: Losses Incurred |
| 5min Related Video: Losses Incurred |
Learn More
 | Claims Department (insurance term) |
| Damages (insurance term) |
| Incurred Loss Ratio (insurance term) |
Help us answer these
 | Provision of tax if net loss incurred? |
| What is it called when Sales can decline before losses are incurred? |
| Are any losses of vitamins or minerals incurred when milk is homogenized? |
Post a question - any question - to the WikiAnswers community:
Copyrights:
 |
 | Insurance Dictionary. Dictionary of Insurance Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved. Read more |
Related answers
- Can a business earn a gross profit but incur a net loss?
- What rhymes with incur?
- Why is herpes incurable?
- Why is AIDS incurable?
ADVERTISEMENT
Answer these
- When does and incurred loss occur?
- When does an incurred loss occur?
- What losses were incurred with the collapse?
Mentioned in
- Claims Department (insurance term)
- Damages (insurance term)
- Incurred Loss Ratio (insurance term)
- Fidelity Insurance (legal term)
- Aggregate Annual Deductible (insurance term)
- Cut-Through Endorsement (Assumption of Risk) (insurance term)
- Retroactive Restoration (insurance term)
- insurance carriers
- Carry-Back (legal term)
- Float (business term)
- Social Insurance Supplement (insurance term)
- compensation
- Loss Development Factor (insurance term)
- Hobby Losses
