MLchartDataset catalogue

Rating organization

Term · Insurance and risk management · MLC-T-INS-002804

An independent entity that collects statistical data on losses and expenses from multiple insurers and then develops advisory rates, rating plans, and policy forms for its members or subscribers. These organizations promote consistency and fairness in the insurance market by providing a common basis for pricing. In the United States, the Insurance Services Office (ISO) is a prominent example for property and casualty insurance.

Table 1. Record
IdentifierMLC-T-INS-002804
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002804",
  "term": "Rating organization",
  "field": "Insurance and risk management",
  "definition": "An independent entity that collects statistical data on losses and expenses from multiple insurers and then develops advisory rates, rating plans, and policy forms for its members or subscribers. These organizations promote consistency and fairness in the insurance market by providing a common basis for pricing. In the United States, the Insurance Services Office (ISO) is a prominent example for property and casualty insurance.",
  "url": "https://mlchart.com/terminology/insurance/rating-organization/"
}

Record 2,863 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.