The calendar year experience refers to incurred losses and loss adjustment expenses (LAE) for all...
accident year experience
The accident year experience or accident year is any 12-month period for which losses from incidents taking place during that 12-month period are tracked.
Additional Information
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.
Related Terms
A policy year is the period between anniversary dates.
