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Meaning of “insurance rating” in the English Dictionary

"insurance rating" in Business English

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insurance ratingnoun [C]

uk   us  
INSURANCE a ​measurement of the ​risk that an ​insurancecompany has when it ​providesinsurance 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 ​ratingfactorsinclude, for ​example, your age and ​occupation.
(Definition of insurance rating from the Cambridge Business English Dictionary © Cambridge University Press)
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