单词 | short-tail business |
释义 | short-tail business in Insurance (ʃɔrt teɪl bɪznɪs) noun (Insurance: General) Short-tail business is insurance business where it is known that claims will be made and settled quickly. As a true measure of loss and premium results, calendar year statistics, even forshort-tail business, can be highly misleading. Short-tail business includes most classes of property business, in which claims are reported and settledin a relatively short period of time. Short-tail business is insurance business where it is known that claims will be made and settled quickly. |
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