Average rate

{
  "id": "MLC-T-INS-000506",
  "term": "Average rate",
  "field": "Insurance and risk management",
  "definition": "The calculated mean of premium charges across a group of insureds or a portfolio of policies over a specific period. This figure provides an overall indication of pricing levels and trends within an insurance segment. It is distinct from the individual rate applied to a single policyholder, which reflects specific risk factors.",
  "url": "https://mlchart.com/terminology/insurance/average-rate/"
}