Glossary entry

Spanish term or phrase:

buena siniestralidad

English translation:

good/favorable loss ratio

Added to glossary by Lydia De Jorge
Apr 26, 2012 02:05
12 yrs ago
8 viewers *
Spanish term

buena siniestralidad

Spanish to English Other Insurance Minutes from insurance co
XXX pregunto tambien la razon por la cual se tiene establecido un limite de 1.5 millones de dolares para el negocio de paquete empresarial? YYY comento que ese limite se definio como consecuencia de la masa critica de ese producto, y como consecuencia de la buena siniestralidad a esos niveles, ya que por arriba de esta suma asegurada existia mucha dispersion como para tomar una suma asegurada mayor. VVV solicito verificar ese nivel de suma asegurada para conocer si es posible asumir mas negocio.

Thanks for your help!

Proposed translations

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3 mins
Selected

good/favorable loss ratio

favorable loss ratio

To achieve success and favorable loss-ratio, it is important to use experts in traversing this mine field, negotiators who are well versed in the cost-to-charge ratios of hospitals, average costs, insurance knowledge, medical expertise, legal knowledge, economics, and a host of other modalities. Attempting to negotiate the increasingly common million dollar claim, is not for the rookie negotiator, or the faint of heart".

http://www.plotkinconsulting.com/news/default.php
Peer comment(s):

agree Claudia Luque Bedregal
14 mins
Thanks, Claudia
agree José Manuel Lozano
6 hrs
Thanks, Jose
agree philgoddard : Or claims record.
12 hrs
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4 KudoZ points awarded for this answer. Comment: "Thank you!"
23 hrs

good claims rate

Siniestralidad refers to the amount and expense of claims presented before the insurance company, and is compared to the claims rate assumed when quoting the business.
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