Meaning of “insurance rating” in the English Dictionary

business-english dictionary

"insurance rating" in Business English

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insurance ratingnoun [ C ]

uk us

INSURANCE a measurement of the risk that an insurance company has when it provides insurance for someone or something that affects how much someone must pay for insurance:

Various factors are used by underwriters to determine the price of your insurance. Insurance rating factors include, for example, your age and occupation.

(Definition of “insurance rating” from the Cambridge Business English Dictionary © Cambridge University Press)