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 claims.
Related information about experience rating:
- Experience rating - Wikipedia, the free encyclopedia
Experience rating is a method used by insurers to determine pricing of premiums for different groups or individuals based on the group or individual's history of ...
- WCIRB Guide to Experience Rating
Updated to reflect January 1, 2012 changes to the Experience Rating System. California's workers' compensation experience rating system is a merit rating ...
- Experience Rating
The experience rating process is the method used to determine the rate. The last day of each fiscal year, September 30, is called the "computation date" when ...
- Experience Rating - Financial Dictionary - The Free Dictionary
Also found in: Medical, 0.01 sec. Experience rating. A technique insurance companies use to determine the correct price of a policy premium. Experience Rating ...
- Experience Rating Listing
Welcome to the Experience Rating Education section. The webinars and presentations highlighted below are designed with the experience rating professional ...
- What is experience rating? definition and meaning
Definition of experience rating: A quantitative measure used by an insurance company to determine how much a given policy should cost, calculated using ...
- Experience Rating Plan
Experience rating is a procedure utilizing past insurance experience of individual employers to forecast or predict future experience. It is a systematic, ...
- COMMUNITY VERSUS EXPERIENCE RATING HEALTH INSURANCE
Jul 3, 2008 ... In comparison, an insurer uses “experience rating” when it predicts a group's future medical costs based on its past experience (i.e., the actual ...