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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.

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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

The calendar year experience refers to incurred losses and loss adjustment expenses (LAE) for all...

A policy year is the period between anniversary dates.