MLchartDataset catalogue

Rating bureau

Term · Insurance and risk management · MLC-T-INS-003722

An organization that collects statistical data on losses and expenses from multiple insurers to develop advisory rates, rating plans, and policy forms. These organizations promote uniformity and fairness in the insurance market by providing a common basis for pricing. In the United States, prominent rating bureaus include ISO (Insurance Services Office) and NCCI (National Council on Compensation Insurance).

Table 1. Record
IdentifierMLC-T-INS-003722
FieldInsurance and risk management
SubjectPersonal Lines
Record as JSON 
{
  "id": "MLC-T-INS-003722",
  "term": "Rating bureau",
  "field": "Insurance and risk management",
  "definition": "An organization that collects statistical data on losses and expenses from multiple insurers to develop advisory rates, rating plans, and policy forms. These organizations promote uniformity and fairness in the insurance market by providing a common basis for pricing. In the United States, prominent rating bureaus include ISO (Insurance Services Office) and NCCI (National Council on Compensation Insurance).",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/rating-bureau/"
}

Record 2,830 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.