MLchartDataset catalogue

Judgment rates

Term · Insurance and risk management · MLC-T-INS-001939

Insurance rates that are individually determined by an underwriter based on their assessment of the unique characteristics and risks of a particular insured. This method is used when there is insufficient data for statistical rating or when the risk is unusual. It contrasts with manual rates or experience-rated premiums.

Table 1. Record
IdentifierMLC-T-INS-001939
FieldInsurance and risk management
SubjectCommercial Liability
Record as JSON 
{
  "id": "MLC-T-INS-001939",
  "term": "Judgment rates",
  "field": "Insurance and risk management",
  "definition": "Insurance rates that are individually determined by an underwriter based on their assessment of the unique characteristics and risks of a particular insured. This method is used when there is insufficient data for statistical rating or when the risk is unusual. It contrasts with manual rates or experience-rated premiums.",
  "subject": "Commercial Liability",
  "url": "https://mlchart.com/terminology/insurance/judgment-rates/"
}

Record 1,847 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.