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Accounting
Banking

Loss Costs

The actual or expected cost that an insurer would incur as indemnity payments and allocated loss adjustment expenses (or the...

Longevity Risk

The danger or possibility that a portfolio of an insurance firm, pension scheme or any annuity-paying institution will suffer a...

Ladder Option

In principle, a ladder option (ratchet option) is an option (or a warrant, index-linked note) that subjects its minimum payoff...

Loss Ratio

A ratio that relates losses incurred by an insurance firm to earned premiums (EPs) expressed as a percentage. Loss ratio...