frequency
The likelihood that a loss will occur. Expressed as low frequency (meaning
the loss event is possible, but the event has rarely happened in the past and
is not likely to occur in the future), moderate frequency (meaning the loss
event has happened once in a while and can be expected to occur sometime in
the future), or high frequency (meaning the loss event happens regularly and
can be expected to occur regularly in the future). Workers compensation losses
normally have a high frequency as do automobile collision losses. General liability
losses are usually of a moderate frequency, and property losses often have a
low frequency.
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