MLchartDataset catalogue

Loss rating

Term · Insurance and risk management · MLC-T-INS-002084

A method of calculating insurance premiums based directly on an insured's own historical loss experience, rather than on general industry averages. This approach is often used for large commercial accounts or self-insured entities with credible loss data. The premium is adjusted upwards or downwards to reflect the specific risk profile demonstrated by past claims.

Table 1. Record
IdentifierMLC-T-INS-002084
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002084",
  "term": "Loss rating",
  "field": "Insurance and risk management",
  "definition": "A method of calculating insurance premiums based directly on an insured's own historical loss experience, rather than on general industry averages. This approach is often used for large commercial accounts or self-insured entities with credible loss data. The premium is adjusted upwards or downwards to reflect the specific risk profile demonstrated by past claims.",
  "url": "https://mlchart.com/terminology/insurance/loss-rating/"
}

Record 2,006 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.