Insurance risk scoring

{
  "id": "MLC-T-INS-001867",
  "term": "Insurance risk scoring",
  "field": "Insurance and risk management",
  "definition": "The systematic process of evaluating and quantifying the potential for financial loss associated with an insured individual, asset, or activity. This involves analyzing data points such as credit history, claims records, demographic information, and property characteristics to assign a numerical risk score. The resulting score informs underwriting decisions and the calculation of appropriate premium rates.",
  "url": "https://mlchart.com/terminology/insurance/insurance-risk-scoring/"
}