Accident year experience

{
  "id": "MLC-T-INS-000290",
  "term": "Accident year experience",
  "field": "Insurance and risk management",
  "definition": "The aggregate of all losses and premiums associated with insurance policies that experienced an accident or occurrence within a specific calendar year, regardless of when the policy was written or when the claims were reported. This method of analyzing data provides a snapshot of the financial performance of a book of business for a given year. It is a key metric in actuarial analysis for pricing and reserving.",
  "url": "https://mlchart.com/terminology/insurance/accident-year-experience/"
}