I am assuming the year, is the 'company year' and calendar year is just that... It can mean that the insurance company is releasing redundant loss reserves. This reduces the losses incurred in the current calendar year, reducing the loss ratio, and has no impact on the accident year results. Calendar year loss ratios generally measure financial performance while accident year loss ratios measure the quality of the currenty written accounts.
"Accident year loss ratio" is a term insurance companies use as an abbreviation for "the total amount of money lost to claims divided by the amount of premiums earned in a given calendar year."
The first month in a year as defined by the Gregorian Calendar.
Ratio of the company's total net paid losses during the current year plus the change in loss reserves since the prior year end to the current year premiums earned.
The ratio of losses paid to premiums earned, usually over a period of one year
A calendar year, by definition, starts on January 1 and ends on December 31. A fiscal year does not need to do that. Many companies, and organizations including Universities and Colleges, start their fiscal year on July 1.
The Tamil calendar year 1106 corresponds to the English calendar year 2027.
B.Sc PCM- 1 year (APPLIED CALCULUS) 18.09.2012
A perpetual calendar is the type of calendar that can be adjusted for any year. This type of calendar can be reused each year.
Christian Calendar Year 1727.
2010 is Year 4707 in the Chinese Calendar
The calendar year will be the same in 2040.