Accidentyear Statistics

Definition of "Accident-year statistics"

Lois  OConnor
  Sunset Lakes Real Estate

Record of losses and premiums received for accident coverage within a 12-month period. These statistics show the percentage of each premium received that is being paid out in claims and enables the establishment of a basic premium reflecting the pure cost of protection. The trend line generated by the record of losses is an important statistical tool for predicting future losses.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ