A factor used to determine the premium rate for a policy, which is measurable in an objective way and related to the intensity of the risk. It must, therefore, be a risk factor or a proxy for a risk factor or risk factors.
The Rantings of the barely human.
A factor used to determine the premium rate for a policy, which is measurable in an objective way and related to the intensity of the risk. It must, therefore, be a risk factor or a proxy for a risk factor or risk factors.