the ratio of the annual claims paid by an insurance company to the premiums received

a company or corporation whose business it is to insure against loss, damage, or death, promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company, The premium paid for insuring property, life, etc

A premium; a prize; specifically, the stakes or cup in a French horse-race or other sporting event_ used by English writers in such phrases as grand prix and prix de Rome (in French national competitions in the fine arts)

payment for insurance, A bonus paid in addition to normal payments, a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc., adjective_ having or reflecting superior quality or value, Superior in quality; higher in price or value