Sentences with phrase «number of claims»

Combined with a low number of claims in a generally safe city, this leads to low prices for everyone.

This is the proportion of life insurance claims settled to the total number of claims made.

Maximum number of claims settled by an insurance company is an indicator that the company is efficient in it's processing.

First, they involve a large number of claims instead of just a single claim.

There are two ways of looking at losses: by the average number of claims filed per 100 policies (frequency) and by the average amount paid for each claim (severity).

Claim settlement ratio is calculated by dividing the total number of claims received by the total number of settled claims.

Claim settlement ratio: It's the ratio of total payments made by insurance companies against the total number of claims received by it.

We are also seeing a greater number of claims for chronic pain, often from relatively minor trauma.

Claim Settlement Ratio is the number of insurance claims settled by a life insurance company as a percentage of numbers of claims received over a particular period of time.

On top of this, the legal environment promotes litigation over resolving concerns in other ways and stimulates increasing numbers of claims.

A car model with high number of claims, including fraudulent ones, will affect your premium rates.

I say this because at any point of time there a large number of claims under settlement which have neither being settled nor rejected.

Medical malpractice cases are costly and complicated and this undoubtedly is a reason why a significant number of claims do not result in payment to a plaintiff.

You can then normally make a limited number of claims without losing the discount.

Combined with a low number of claims in a generally safe city, this leads to low prices for everyone.

The limit is meant to place a certain number of claims within the jurisdiction of a simplified court process.

When there are a huge number of claims, the deadline may force some to make a rough first estimate.

They calculate the expected number of claims resulting from automobile accidents, which varies with the insured person's age, sex, driving history, type of car, and other factors.

While a substantially greater number of claims can be expected to arise, arguments about whether or not there can be a fair trial will remain.

This has had no impact on the reported number of claims sanctioned, nor the proportion of claims sanctioned statistic.

Comparing different plans will help the user to find an insurance provider that has paid money against maximum number of claims.

Maintaining timelines and deadlines In contrast to experienced lawyers, new lawyers may face a disproportionately large number of claims related to time management (see pie chart).

Many mass tort claims are started when a large number of claims arise within one or a few jurisdictions over a relatively short period of time.

In simple words it means number of claims approved by the company.

So if there is a dramatic increase in traffic or accidents in your ZIP code, that may lead to a massive number of claims — which means more risk for your insurer.

Luxury and sports cars have a higher average number of claims and the more expensive a vehicle is, the more expensive it is to insure.

The claim settlement ratio will mention the total claims received by the insurance company against the total number of claims actually paid to the customers.

And second (and perhaps more significantly), they cut into the possible number of claims because deductibles have to be met before a claim can even be paid out.

So, we had to rely heavily on projecting the open, ultimate number of claims that will be paid and the severity associated with those clients.

Unlike other personal injury law firms that may handle hundreds of cases per year, our firm only handles a select number of claims.

One major and well respected road traffic insurer told me last month that a negligible number of claims fall within the # 10,000 - 25,000 bracket.

Experience rating is the practice of adjusting an employer's assessment (premium) rate based on its claims costs (and sometimes number of claims).

Make a list of all of the major insurance companies, and find the phone number of the claims department for each.

Make sure you are ready with some important details like policy registration numbers and personal details, the total number of claims etc..

Most people think about their basic loss experience, or number of claims when they think about insurance rates.

Lower claim settlement ratio implies that the insurer has rejected a large number of claims out of the total reported.

That is out of 100 claims received, they have paid money for those many number of claims.

The vehicle, your driving history and number of claims made in past, safety features added in your vehicle and the parking space all account for your present insurance rates.

The Claim Settlement Ratio refers to the percentage of the total number of claims settled and resolved in a certain year to the claims that have been received by an insurer in a year.

An insurer may experience a low number of claims in any given year, but the size of those claims may be substantial.

Negative credit report information will often cause you to have a higher insurance rate because a correlation has been made between low credit scores and number of claims filed.

This technology is still a work in progress, but as it's used for an increasing number of claims, the accuracy and reliability has improved exponentially.

Of this amount, motor insurance is expected to account for one of the highest number of claims.

The company that sells you insurance then buys insurance against severe weather and other events that drive significant numbers of claims.

Insurance companies typically focus on Claim settlement by Number of claims received.

What is typically reported on insurance websites and in newspapers is the settlement ratio is the settlement in terms of number of claims.

Other car insurance companies will be focused on the transition and will use the lower number of claims as a way to be aggressive on their pricing.

Heavy rains and flooding are causing substantial property damage in these areas and we are expecting a large number of claims as a result.

The great number of claims you file, the more likely your insurance rates will rise.