Insurance Score


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Insurance Score

A way of measuring the risk a potential policyholder poses to an insurance company. The insurance score is a numerical value and measures factors such as the number of claims the potential policyholder has made in the past. A higher score indicates that the potential policyholder poses little risk, is unlikely to make many claims, and is unlikely to make frivolous ones. As a result, one with a high insurance score pays a lower premium than one with a low insurance score.
References in periodicals archive ?
Bauer and his agency colleagues tell customers upfront that their insurance score will be made up of credit scoring, as well as their motor vehicle record and losses, and will be modeled on a number of different variables.
For auto quoting, agents can now order insurance score, claim history (CLUE), and motor vehicle record (MVR) reports within ATLAS3, the Travelers Internet-based automation system that provides real-time policy quoting and issuing.
It wasn't enough though as Conor Kenny came off the bench to shoot the insurance score in stoppage time.
Carlow hit back as St Ledger thumped a long range point and O'Brien added the insurance score.
It deserved to be the matchwinner though Ger Collins stole his thunder somewhat with Limerick's late insurance score.
Adam Flanagan shot the insurance score on the stroke of full time.
The injured corner-forward hit five points including a late insurance score to book their semi-final place against Donegal or Antrim.
THAT'S ENDA THAT Omagh's Ronan O'Neill celebrates insurance score that put St Enda's two ahead late on
This site will tell you that an insurance score is a number that predicts the potential for future loss of an individual policyholder.
Insurers are adamant on the statistical correlation between an applicant's credit-based insurance score and the risk of loss.
When an insurer increases the rating tiers in its class plans from a half dozen to 50, it becomes possible, for example, to overlay an insurance score with the age of the driver, the driving record, and many other factors, then derive better predictive information and pricing.
But O'Callaghan steadied Dublin nerves with his eighth point and Basquel settled for the insurance score from his second penalty.
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