Loss trending

Term · Insurance and risk management · MLC-T-INS-003683

The actuarial process of adjusting historical loss data to reflect anticipated future conditions, such as inflation, changes in claim frequency, or shifts in severity. This technique is used by insurers to project future claim costs and set appropriate premium rates. It involves analyzing past loss patterns and applying trend factors to estimate ultimate losses for upcoming policy periods.

Table 1. Record
Identifier	MLC-T-INS-003683
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-003683",
  "term": "Loss trending",
  "field": "Insurance and risk management",
  "definition": "The actuarial process of adjusting historical loss data to reflect anticipated future conditions, such as inflation, changes in claim frequency, or shifts in severity. This technique is used by insurers to project future claim costs and set appropriate premium rates. It involves analyzing past loss patterns and applying trend factors to estimate ultimate losses for upcoming policy periods.",
  "url": "https://mlchart.com/terminology/insurance/loss-trending/"
}

Record 2,028 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.