Medical Loss Ratio
Medical Loss Ratio
DEFINITION
A medical loss ratio is a ratio of losses to gains. It is the opposite of the gross profit ratio (commonly known as the gross profit margin). For insurance, the loss ratio is the ratio of total losses incurred (paid and reserved) in claims plus adjustment expenses divided by the total premiums earned. The percent of premium an insurer spends on claims and expenses
DEFINITION
A medical loss ratio is a ratio of losses to gains. It is the opposite of the gross profit ratio (commonly known as the gross profit margin). For insurance, the loss ratio is the ratio of total losses incurred (paid and reserved) in claims plus adjustment expenses divided by the total premiums earned. The percent of premium an insurer spends on claims and expenses
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Arizona Member
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