what is the expected loss ratio elr method 
expected loss ratio elr method is a technique used to determine the projected amount of claims relative to earned premiums the expected loss ratio elr method is used when an insurer lacks the appropriate past claims occurrence data to provide because of changes to its product offerings and when it lacks a large enough sample of data for long tail product lines the formula for the elr method is e l r m e t h o d e p e l r p a i d l o s s e s where ep earned premiums begin aligned elr method ep elr paid losses textbf where text ep earned premiums end aligned elr method ep elr paid losseswhere ep earned premiums 