Home > Glossary

Accident Year Experience Need To Edit

Definition

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.

Related Products

Beacon Hill sidebar
Captive Wire Freemium sidebar
AgriCon-Banner-(728x90) (002)

Navigation

Social Media

User ID: Subscriber Status:Free