The estimate is based on inspections by adjusters and the company's historical loss development factors.
What does LDF stand for?
LDF stands for Loss Development Factor (insurance)
This definition appears somewhat frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of LDF
We have 120 other meanings of LDF in our Acronym Attic
- Lesotho Defense Force
- Liberian Development Foundation Inc (Greenbelt, MD)
- Lightweight Digital Facsimile
- Load Distribution Factor (transportation research)
- Local Density Function (solid-state physics)
- Local Development Framework
- Local Distribution Facility
- Local Distribution Frame
- Logical Data File
- London Dispersion Forces (intermolecular bonding strength)
- Low Density Factor
- Low Density Fiberboard
- LuraDocument Format (file extension)
- Lyme Disease Foundation, Inc.
- Lake Dillon Fire Authority (Dillon, CO)
- Land Disposal Flexibility Act of 1996 (US EPA)
- Lawton Dog Fanciers Association (Lawton, OK)
- Linear Discriminant Function Analysis
- Local Development Finance Authority
- Low Dose Folinic Acid (oncology)
Samples in periodicals archive:
In the past year, working with Towers Perrin's actuarial department, Waterman and his team developed a database of public entity loss costs, loss development factors and increased limits factors to compare client loss data to ISO.
During renewals the insurer will also use actuarial studies to look at incurred losses, paid losses and its loss reserves, and apply what's known as the loss development factor, or LDF, which corrects errors in estimating loss reserves and projects the additional expected costs for a group of claims.
He did not apply actuarial loss development factors to the incurred loss amounts.
An actuarial report on the remaining, improved data can project best-case/worst-case scenarios based on an examination of your pay-out curves and ultimate loss development factors as well as industry loss development factors.
Many critical assumptions underlie rate changes--assumptions such as loss development factors, loss cost trends, factors to convert historical premiums to current premiums, projected investment income, and assumed underwriting expenses.