Experience rating

A quantitative measure used by an Insurance company to determine how much a given Policy should cost, calculated using historical data to determine the Risk of future Claim.

Related Terms: 6 Claim, Insurance, Policy, Quant, Risk, Term

Other Related Pages: Category: Insurance Starting With: E

Additional Related Terms: 10-Q, 10-K, Accelerated Cost Recovery System, Acquisition cost, Accrual of discount, Amortization of premium, At par, All or any part, At best, At call