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Experience Rating
(redirected from Experience Ratings)

   Also found in: Medical 0.02 sec.
Experience rating
A technique insurance companies use to determine the correct price of a policy premium.

Experience Rating
In 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.


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This division searches for errors on job classifications, audits, experience ratings, claim reserves, retro adjustments, and construction wrap-up programs and seeks to recover overcharged premiums for companies.
It currently carries information on 20,000 IT products and services in more than 500 technology categories and will soon include reviews, user experience ratings, research and related tools to "help users make the best purchasing decisions.
We also asked them to differentiate their experience ratings based on whether they were doing stock-ups (which we defined as spending $30 or more) or pick-ups (which we defined as spending less than $30.
 
 
 
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