MLchartDataset catalogue

Experience

Term · Insurance and risk management · MLC-T-INS-001406

The historical record of an insured's losses and claims over a specific period, used by insurers to predict future losses and adjust premiums. This data reflects the frequency and severity of past incidents. Underwriters analyze this information to calculate an experience modification factor for workers' compensation policies.

Table 1. Record
IdentifierMLC-T-INS-001406
FieldInsurance and risk management
SubjectWorkers Compensation
Record as JSON 
{
  "id": "MLC-T-INS-001406",
  "term": "Experience",
  "field": "Insurance and risk management",
  "definition": "The historical record of an insured's losses and claims over a specific period, used by insurers to predict future losses and adjust premiums. This data reflects the frequency and severity of past incidents. Underwriters analyze this information to calculate an experience modification factor for workers' compensation policies.",
  "subject": "Workers Compensation",
  "url": "https://mlchart.com/terminology/insurance/experience/"
}

Record 1,271 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.