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Insurance Glossary

Glossary/Encyclopedia of insurance terms. In addition to the brief description of insurance terms, we have also provided detailed explanation of each term. By selecting ‘More Details’ in each term, you can view the detailed explanation of the term with examples.

Loss Adjustment Expenses Ratio
The Loss Adjustment Expenses Ratio (LAER) is a measure of how efficiently an insurance company is handling its claims.
More Details Loss Adjustment Expenses Ratio
Loss Payee
A loss payee is a person or entity that is named in an insurance policy to receive payment for a covered loss.
More Details Loss Payee
Loss Ratio
The loss ratio is a key metric used to assess the financial performance of an insurance company.
More Details Loss Ratio

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