underwriting loss
noun[C]
ACCOUNTING,INSURANCEukusalossmade by aninsurancecompanyin aparticularperiodor inrelationto aparticularactivitybecause it had topaymore inclaimsthanexpected:
Lowerclaimsresultedin areductionintheirunderwritingloss.
Examplesofunderwriting loss
underwriting loss
Employment liability has traditionally been written at anunderwritingloss.
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A cycle begins when insurers tighten their underwriting standards and sharply raise premiums after a period of severe underwriting losses or negative stocks to capital (e.g., investment losses).
From
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.It was not underwriting losses per se that led to that but a suit of negligence.
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There is one word of warning, which has been emphasised already, concerning these grants and the danger of underwriting losses.
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That has led to a serious dimunition of under-writing profits and, in many cases, to underwriting losses.
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We do not intend to provide protection against underwriting losses, over and above that needed to give security to policyholders.
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Is he aware of the report which appeared in the newspapers today of massive underwriting losses in the insurance industry?
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Most insuring companies have had considerable underwriting losses on their general insurance accounts in the past few years.
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The annual reports of companies for 1972 now being published show that some at least claim to have succeeded in eliminating underwriting losses or to have made a small profit.
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I am concerned about reports that the insurance industry has been using employers' liability compulsory insurance as a loss leader, writing premiums well below underwriting losses and making subsequent adjustments.
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- misguided
- misguided attempt
- misguidedly
- misguided policy
- mishandle
- mishandled
- mishandling
- mishap
- mishear
- mishit
- mishmash
- misidentification
- misidentify
- misinform
- misinformation
- misinformed
- misinforming
- misinterpret
- misinterpretation
- misinterpreted
- misinterpreting
- misjudge
- misjudged
- misjudging
- misjudgment