Loss Development Factor


Definition of "Loss development factor"

Frank Wynne real estate agent
Frank Wynne, Real Estate Agent Atlanta Fine Homes Sothebys International Realty

Element used to adjust losses to reflect the incurred but not reported claim (IBNR) under the retrospective method of rating.

Have a question or comment?
We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 
 

 

Popular Insurance Terms

Popular Insurance Questions