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Insurance Score

   Also found in: Wikipedia 0.01 sec.
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.
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A point from veteran Gary Savage settled 'Cran nerves and Wilson added two insurance scores from frees.
Ballycran book final spot after real scare by The Mirror (London, England)
In the meantime, there is no clear understanding of the formula and to what extent credit scores are used in coming up with an insurance score, Holland said.
Time flies for committee on credit-based scoring by Hemmenway, Chad / Best's Review
Under the Fair and Accurate Credit Transactions Act of 2003, the FTC is required to study the use of credit-based insurance scores -- similar to a credit rating -- and how they impact the availability and cost of homeowners' insurance.
Insurance trade says FTC order threatens consumer security by Dan Kaplan / SC Magazine
 
 
 
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