Accident Year Experience

1 minuteread by Gary Huddleston

Accident Year Experience — the accident year is any 12-month period for which losses from incidents taking place during that 12-month period are tracked. Accident year experience is calculated by adding the total losses from any incidents occurring in that 12-month period. Two other cost accounting terms used in sorting loss experience are calendar year and policy (underwriting) year.

1 minuteread by Gary Huddleston

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