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To explain loss ratio we have to start by the factors included in a loss.
The loss factors are:
Claims paid plus
net reserves plus
incurred but not reported (IBNR) plus
provision for adverse deviation (PAD)
Total them and substract your total with
Total recoveries (actual +potential)
You now have the total loss.
Once we have these factors, we can divide the loss by the earned premium to obtain the ratio.
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What are the economic and environmental effect of flooding in sOUTH AFRICA?
Loss of crops and machinery
Among the factors that effect the climate in latin America are?
Elnino, Earthquakes, and volcanos.
When two factors are correlated a cause and effect relationship exists between the factors?
Nope, correlation simply links two factors together, while a cause and effect relationship finds that one factor causes change in the other. Generally, cause and effect is harder to establish and requires more clinical rigour (eg. with experiments).
What are perpetuating factors?
factors that maintain the symptoms of the disorder. 1. sense of a 'high', achievement and self-esteem boost that starvation can provide 2. congratulations from peers on weight loss
When two ratios are equal they form a?
Proportion
