Exposure rating

Term · Insurance and risk management · MLC-T-INS-001420

A method of calculating insurance premiums based on statistical data and the characteristics of the insured's operations, rather than on the specific loss experience of the individual insured. This approach uses broad categories of risk and applies predetermined rates to an exposure base. It is often used for new businesses or those with insufficient loss history for experience rating.

Table 1. Record
Identifier	MLC-T-INS-001420
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-001420",
  "term": "Exposure rating",
  "field": "Insurance and risk management",
  "definition": "A method of calculating insurance premiums based on statistical data and the characteristics of the insured's operations, rather than on the specific loss experience of the individual insured. This approach uses broad categories of risk and applies predetermined rates to an exposure base. It is often used for new businesses or those with insufficient loss history for experience rating.",
  "url": "https://mlchart.com/terminology/insurance/exposure-rating/"
}

Record 1,287 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.