Claims Frequency (Insurance & Financial Protection) - Definition, Examples, Advice | Bolder Money

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Definition

The number of claims filed by policyholders over a period of time. Higher frequency can affect premiums and risk assessments.

What to consider

Understand the average cost of claims.
Review historical data to anticipate severe claims.
Plan for high-severity incidents in risk management.

Real world scenarios

An insurer evaluated claims severity by analyzing the average cost per claim over a period.
A hospital reviewed claims severity to understand the impact of expensive treatments.
A business monitored claims severity to adjust coverage limits appropriately.

Related terms

Insurance & Financial Protection

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