Accident Year Data

Accident Year Data,

What is The Meaning of Accident Year Data?

A way to manage loss and risk data in an insurer or group of insurers, or a portfolio of activities, so that all accident-related losses that occur in a given calendar year and all that are earned in that year The premium calendar is done in the calendar calendar. . Regardless of the relevant term of insurance and whenever a claim is reported or paid, the 2015 Accident Year Statistics includes all premiums earned in 2015 and all losses incurred in 2015. Rating agencies use accident year data and year statistics. Abundant in their rates. For example, Employee Compensation Loss Growth Factors, published by the National Compensation Insurance Council (NCCI), is compiled from accident year data.

Literal Meanings of Accident Year Data

Accident:

Meanings of Accident:
  1. An unfortunate event that occurs unexpectedly and unintentionally and usually involves damage or injury.

  2. An event that happens by chance or for no apparent or intentional reason.

  3. (In the Aristotelian view) the property of something that is not necessary for its nature.

Sentences of Accident
  1. There was an accident in the factory

  2. Pregnancy is an accident

  3. The new element is existence, which Oceana sees as an accident, as it relates to things.

Synonyms of Accident

misadventure, misfortune, mishap, chance, mischance, hazard, difficulty, twist of fate, coincidence, unfortunate incident, blow, injury, catastrophe, problem, mere chance, tragedy, trouble, contretemps, calamity, freak, disaster

Year:

Meanings of Year:
  1. The time it takes for the earth to revolve around the sun.

  2. The 365-day period (or 366 days in a leap year) beginning January 1, used to calculate time in normal business operations. 365 days from each date; Depending on the quality of the product one year, the wine duration is usually used to calculate the time according to the other calendar.

  3. Age or life span.

  4. Long time

  5. Groups of students are groups with the same age, who basically go to school or university in the same academic year.

Sentences of Year
  1. Half of Americans know that it takes a year for the earth to orbit the sun.

  2. Your salary will be charged at the same rate for one calendar year each year.

  3. Most of the girls in my year drop out of school at the end of the semester

Synonyms of Year

band, number of years, lifetime, length of life, form, duration, class, set, school group, stream, study group

Data:

Meanings of Data:
  1. Facts and data are collected for reference or analysis.

Sentences of Data
  1. Some statistics are available

Synonyms of Data

figures, features, details, particulars, statistics, facts, specifics