Growth of a health insurance plan’s network either geographically or in the amount of hospital facilities and providers added.
Insurance Encyclopedia
Expectation of life
See: life expectancy .
Expectation of life (Life Insurance)
The amount of years left in the life of the average person of a certain age, as determined by a mortality table.
Expected claims (Health Insurance)
The anticipated amount of claims during a contract year, as determined by statistics.
Expected incurred claims
Total dollar amount of insurance claims within a specific period of time that are predicted to be paid.
Expected Loss
The average loss in the long run. The expected loss is the mean of the probability distribution of losses, not the mode.
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Arithmetic mean, or expected value, or the probability distribution of the amount of loss which may occur during one year (or other period). See Also: “Expected value” and “Normal loss.”
Expected Loss Ratio
Underwriting loss ratio-computed as incurred losses plus loss adjustment costs, all divided by earned premiums-which an Insurer expects to achieve for a given line of Insurance for a specified period. If the expected loss ratio is achieved, and if the Insurer’s operating expenses do not exceed normal levels, the Insurer earns is expected Underwriting profit.
Expected morbidity (Health Insurance)
The anticipated frequency of illness or injury in a particular time frame to a certain group of people, as determined by a mortality table.
Expected mortality
Deaths that are anticipated to occur to a certain group in a specific time based on the statistical figures in the mortality table. It is usually shown as a ratio of expected death insurance claim payments to premiums.
Expected mortality (Life Insurance)
The anticipated probability of death during a particular time frame to a certain group of people, as determined by a mortality table.