The ratio of developed premiums through the year to net premiums earned. If premium growth was relatively steady, and the mix of business by line didn’t materially change, this ratio measures whether or not a company’s loss reserves are keeping pace with premium growth.

Change in the value of a data element evaluated at successive valuation dates.

The factors emerging from a chain ladder calculation, which are the ratios of claims in successive development years. Sometimes, known as link ratios.

Risks attaching to products which could not have been anticipated when the products were launched in the light of scientific or technical knowledge at that time.

In India particularly in the Public Sector General Insurance Companies the general Insurance business is procured by development staff Directly or through against. The development staff are paid full time employees of the companies. The function of the development staff are: (i) to recommend for recruitment, assist in training, guide and motivate the Agents for procuration of general Insurance business, (ii) to develop and service general Insurance business in the area under his jurisdiction. (iii) to prepare and issue cover notes and kuccha receipts. (iv) to service any business which may be assigned to him by the Company. (v) to discharge such other functions as may be assigned to him by the Company and (vi) to maintain diary in format prescribed from time to time by the Corporation and present it when demanded by the superiors.

A statement by an original insurer showing details of every claim falling within a proposed reinsurance with figures for the amounts paid and outstanding at the end of each year from the date of occurrence until final settlement.

The ratio measures reserve deficiency or redundancy in relation to policyholder surplus. This ratio reflects the degree to which year-end surplus was either overstayed (+) or understated (-) in each of the past several years, if original reserves had been restated to reflect subsequent development through year end.