| experience |
Refers to what has been done and what has happened. [Thomas Davenport & Laurence Prusak]
Ãâó: www.ichnet.org/glossary.htm
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| experience |
Experience is something that has happened to the IS during some moment of its existence. It includes the situation that occurred, the action done, and the results.
Ãâó: www.intelligent-systems.com.ar/intsyst/glossary.ht...
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| experience |
Comparison of premiums earned with claims incurred for: a) an individual insured b) group of insureds c) class of coverage.
Ãâó: www.federated.ca/gloss/e.htm
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| experience |
Provides statistics of claims and losses related to specific classes or ratings. This experience then can be used to prospectively predict future claims and adjust rates as necessary.
Ãâó: www.apmc.us/IndustryGlossary
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| experience |
Experience - The financial status of an insured group's claim activity relative to the insurer or self-funding employer. "Good experience" indicates that claims payments are lower than expected; "bad experience" indicates the opposite.
Ãâó: www.vpaweb.com/About/glossary/default.asp
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