What does Risk Profile mean? Read on to discover the definition & meaning of the term Risk Profile - to help you better understand the language used in insurance policies.
A measure of expected losses for a finite time period based on various items of historical data such as total losses, number of losses, average loss size, and payout patterns. The term is usually reserved to refer to a book of business, an individual account, or an individual policy with a sufficiently large exposure base to lend credibility to analysis of the data.
We hope the you have a better understanding of the meaning of Risk Profile.