Insurance risk score

{
  "id": "MLC-T-INS-001866",
  "term": "Insurance risk score",
  "field": "Insurance and risk management",
  "definition": "A numerical value assigned to an individual or entity that quantifies their likelihood of filing a claim or experiencing a loss. This score is derived from an analysis of historical data, behavioral patterns, and other relevant factors. Insurers use these scores to assess risk exposure, determine premium rates, and make underwriting decisions for policies such as auto, home, and life insurance.",
  "url": "https://mlchart.com/terminology/insurance/insurance-risk-score/"
}