Retrospective Rating

Updated date: Tuesday, July 8, 2025 - 19:43
Retrospective Rating the process of determining the cost of an insurance policy based on the actual loss experience determined as an adjustment to the initial premium payment. What is Retrospective Rating , What does mean Retrospective Rating , Insurance Guide, Insurance Glossary

Related Retrospective Rating Articles

  • Group Annuities – Deferred Variable Insurance Glossary
    Group Annuities – Deferred Variable an annuity contract that provides an accumulation based fund where the accumulation varies in accordance with the rate of re... more
  • Credit Placed Insurance Insurance Glossary
    Credit Placed Insurance insurance that is purchased unilaterally by the creditor, who is the named insured, subsequent to the date of the credit transaction, pr... more
  • Mortgage Insurance Insurance Glossary
    Mortgage Insurance a form of life insurance coverage payable to a third party lender/mortgagee upon the death of the insured/mortgagor for loss of loan payments... more
  • Insurance Insurance Glossary
    Insurance an economic device transferring risk from an individual to a company and reducing the uncertainty of risk via pooling. What is Insurance , What does... more
  • Accident Insurance Insurance Glossary
    Accident Insurance insurance for unforeseen bodily injury. What is Accident Insurance , What does mean Accident Insurance , Insurance Guide, Insurance Glossar...
  • Bodily Injury Insurance Glossary
    Bodily Injury physical injury including sickness or disease to a person. What is Bodily Injury , What does mean Bodily Injury , Insurance Guide, Insurance Glo... more
  • Policyholders Surplus Insurance Glossary
    Policyholders Surplus assets in excess of the liabilities of a company or net income above any monies indebted to legal obligation. What is Policyholders Surp... more
  • Employment Practices Liability Coverage Insurance Glossary
    Employment Practices Liability Coverage liability insurance for employers providing coverage for wrongful termination, discrimination, or sexual harassment of t... more
  • Commencement Date Insurance Glossary
    Commencement Date date when the organization first became obligated for any insurance risk via the issuance of policies and/or entering into a reinsurance agree... more
  • Lloyd's of London Insurance Glossary
    Lloyd's of London association offering membership in various syndicates of wealthy individuals organized for the purpose of writing insurance for a particular h... more
  • Term period Insurance Glossary
    Term period of time for which policy is in effect. What is Term period, What does mean Term period, Insurance Guide, Insurance Glossary
  • Allied Lines Insurance Glossary
    Allied Lines coverages which are generally written with property insurance, e.g., glass, tornado, windstorm and hail; sprinkler and water damage; explosion, rio... more
  • Dual Interest Insurance Glossary
    Dual Interest insurance that protects the creditor's and the debtor's interest in the collateral securing the debtor's credit transaction. "Dual Interest" inclu... more
  • Medical Professional Liability Insurance Glossary
    Medical Professional Liability insurance coverage protecting a licensed health care provider or health care facility against legal liability resulting from the... more
  • Premises and Operations Insurance Glossary
    Premises and Operations policies covering the liability of an insured to persons who have incurred bodily injury or property damage on an insured's premises dur... more
  • State Page Insurance Glossary
    State Page Exhibit of Premiums and Losses for each state a company is licensed. The state of domicile receives a schedule for each jurisdiction the company wrot... more
  • Unauthorized Reinsurance Insurance Glossary
    Unauthorized Reinsurance reinsurance placed with a company not authorized in the reporting company's state of domicile. What is Unauthorized Reinsurance , Wha... more
  • Actuary Insurance Glossary
    Actuary business professional who analyzes probabilities of risk and risk management including calculation of premiums, dividends and other applicable insurance... more
  • Casualty Insurance Insurance Glossary
    Casualty Insurance a form of liability insurance providing coverage for negligent acts and omissions such as workers compensation, errors and omissions, fidelit... more
  • Net Premiums Earned Insurance Glossary
    Net Premiums Earned premiums on property/casualty or health policies that will not have to be returned to the policyholder if the policy is cancelled. What is... more
  • Liability Insurance Glossary
    Liability a certain or probable future sacrifice of economic benefits arising from present obligations of a particular entity to transfer assets or to provide s... more