Incurred Claims Ratio (FP8478)

Percentage of gross incurred claims during the reporting period relative to the gross earned premium during the same reporting period.

Calculation:
  • Reporting Format Decimal
  • Metric Type Metric
  • Metric Level Product/Service, Organization
  • IRIS Metric Citation IRIS, 2020. Incurred Claims Ratio (FP8478). v5.1.
Footnote

Organizations should footnote all assumptions used.