MLchartDataset catalogue

Ratable losses

Term · Insurance and risk management · MLC-T-INS-002791

The portion of an employer's incurred workers' compensation losses that are used in the calculation of experience modification factors or retrospective rating adjustments. These losses are typically capped at a certain amount per claim to mitigate the impact of very large, infrequent losses on an employer's future premiums. They reflect the employer's actual claims experience.

Table 1. Record
IdentifierMLC-T-INS-002791
FieldInsurance and risk management
SubjectWorkers Compensation
Record as JSON 
{
  "id": "MLC-T-INS-002791",
  "term": "Ratable losses",
  "field": "Insurance and risk management",
  "definition": "The portion of an employer's incurred workers' compensation losses that are used in the calculation of experience modification factors or retrospective rating adjustments. These losses are typically capped at a certain amount per claim to mitigate the impact of very large, infrequent losses on an employer's future premiums. They reflect the employer's actual claims experience.",
  "subject": "Workers Compensation",
  "url": "https://mlchart.com/terminology/insurance/ratable-losses/"
}

Record 2,849 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.