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Insurance Score |
Also found in: Wikipedia | 0.07 sec. |
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Insurance Score A rating computed and used by insurance companies that represents the probability of a client filing an insurance claim during his or her coverage. The score is based on the client's credit rating, and will impact the premiums he or she pays for the insurance coverage: a higher score will result in lower premiums, and vice versa. Notes: Individual insurance scores are based on credit ratings because historical data reveals a positive correlation between poor credit ratings and insurance claims. A perfect insurance score represents a client with the lowest risk of filing a claim. Very few people have perfect scores however, it is possible to have a very good score. |
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? Mentioned in | ? References in periodicals archive | |
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Now we've built those tools in our front-end systems for agencies with a Web quoting portal, and MVR, CLUE and insurance score reports are now all built into the system," he said. Florida 3, Chicago 1: Scott Mellanby scored two power-play goals and set up a late insurance score as the Panthers ended a four-game road losing streak by beating Blackhawks in Chicago. Key variables would be the location of risk, construction of risk, occupancy of risk, frequency of loss, severity of loss, financial or insurance score. |
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Insurance Score
