What Does Accident-Year Statistics Mean?

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What does Accident-Year Statistics mean? Read on to discover the definition & meaning of the term Accident-Year Statistics - to help you better understand the language used in insurance policies.

Accident-Year Statistics

Accident-Year Statistics

Accident-year statistics are statistics used by insurance companies to measure the percentage of incoming premiums that is subsequently being paid out in loss claims.

We hope the you have a better understanding of the meaning of Accident-Year Statistics.

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