Manual rates
Term · Insurance and risk management · MLC-T-INS-002119
Standard insurance rates published in a manual, used as a baseline for calculating premiums for specific classes of risks. These rates are developed based on historical loss data and actuarial analysis for broad categories of insureds. Underwriters then adjust these base rates for individual policies based on specific risk characteristics and experience.
| Identifier | MLC-T-INS-002119 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-002119",
"term": "Manual rates",
"field": "Insurance and risk management",
"definition": "Standard insurance rates published in a manual, used as a baseline for calculating premiums for specific classes of risks. These rates are developed based on historical loss data and actuarial analysis for broad categories of insureds. Underwriters then adjust these base rates for individual policies based on specific risk characteristics and experience.",
"url": "https://mlchart.com/terminology/insurance/manual-rates/"
}
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