Monday, September 26, 2011

Loss Runs, Loss Ratio: Don't count out Argentina!

So, Scotland struggled against Argentina.

Historically, Argentina has struggled against Rugby "Powerhouses."  Ergo, is Argentina's "Loss Runs" an indication of their future?

[Insurance speak:  Loss Runs, or Loss Ratio is the amount of money the insurance company had to dole out for your claims...]

Clearly, Argentina is improving.  But, if Argentina was a business, an insurance company would be wary of it's prospects.  This is the same language as "pre-existing condition" or "major claims in the past."

Funny how insurance goes ugly early, when we all hope the Pumas upset the Kiwis!

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