Statistical codes

{
  "id": "MLC-T-INS-003175",
  "term": "Statistical codes",
  "field": "Insurance and risk management",
  "definition": "Numerical or alphanumeric identifiers assigned to insurance policies, claims, and other transactions to categorize data for analysis and reporting. These codes classify information such as coverage type, peril, industry, location, and cause of loss. Insurers use them to track trends, calculate rates, and comply with regulatory reporting requirements, often mandated by state insurance departments or rating bureaus.",
  "url": "https://mlchart.com/terminology/insurance/statistical-codes/"
}