Underwriting year experience

{
  "id": "MLC-T-INS-003421",
  "term": "Underwriting year experience",
  "field": "Insurance and risk management",
  "definition": "A method of analyzing an insurer's financial performance by grouping all premiums and losses associated with policies written within a specific calendar year. This approach tracks the ultimate profitability of a cohort of policies from their inception, regardless of when claims are reported or paid. It provides a long-term view of underwriting results, particularly for lines of business with long claim tails.",
  "url": "https://mlchart.com/terminology/insurance/underwriting-year-experience/"
}