释义 |
experience rating
experience rating An insurance rating method which predicts a group's future medical costs based on its past experience (i.e., the actual cost of providing healthcare coverage to the group during a given period of time based on the group's claim history). With experience rating, the insurer calculates the group's insurance premium based on its own—not the overall community's—experience.experience rating1. A projection of the cost of an insurance policy (e.g., of a malpractice insurance policy) based on the claims history of the person or party seeking to be insured. 2. A calculation of future insurance payments based on historical data.Experience rating
Experience ratingA technique insurance companies use to determine the correct price of a policy premium.Experience RatingIn insurance, a calculation of a policy's premium based on the likelihood of a claim on that policy. This calculation takes into account the policyholder's history of past claims with the aim of discouraging dangerous activities that would lead to a claim. For instance, a policyholder with a history of claims due to work-related injuries will likely pay higher premiums because of his/her experience rating than a policyholder with no such history. Indeed, an experience rating showing few or no claims can lead to discounts on premiums. |