experience rating

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experience rating

[ikspir′ē·əns]
Etymology: L, experientia, testing, rata, proportion
a system used by insurance companies in the United States to set the premium to be paid by the insured on the basis of the risk to the company of providing the insurance. Experience rating may lead to very high malpractice premiums in some medical specialties, for the insurance company calculates the premium on the basis of settlements made in related malpractice cases during a specified period. Experience rating is also used to set annual membership health maintenance fees in organizations in which the cost of providing the services in a previous accounting period is used to determine the premiums for the next fiscal year.

experience rating

An insurance rating method which predicts a group's future medical costs based on its past experience (i.e., the actual cost of providing healthcare coverage to the group during a given period of time based on the group's claim history). With experience rating, the insurer calculates the group's insurance premium based on its own—not the overall community's—experience.

experience rating

1. A projection of the cost of an insurance policy (e.g., of a malpractice insurance policy) based on the claims history of the person or party seeking to be insured.
2. A calculation of future insurance payments based on historical data.

experience rating,

n a determination of the premium rate for a particular group partially or wholly on the basis of that group's own experience. Age, sex, use, and costs of services provided determine the premium.
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4, 2015 /PRNewswire/ --Temkin Group recently published its fourth annual Temkin Experience Ratings of Tech Vendors which rates the customer experience of 62 large technology vendors based on feedback from 800 IT decision makers within large North American organizations.
Less lost time for employers often means better experience ratings, lower premiums and can even be the difference between receiving a rebate over a surcharge.
The ratings of all airlines in the 2015 Temkin Experience Ratings are as follows: JetBlue Airlines (75 percent), Southwest Airlines (72 percent), Delta Airlines (69 percent), Alaska Airlines (69 percent), Virgin America (63 percent), American Airlines (57 percent), United Airlines (56 percent), US Airways (55 percent), AirTran Airways (52 percent), and Spirit Airlines (47 percent).
The average customer experience ratings for the TV services and Internet services industries placed them 16th and 17th, respectively, out of 18 industries in the study.
The computer industry received the fourth lowest-average customer experience rating, falling only ahead of health plans, Internet service providers, and TV service providers.
The Temkin Experience Ratings are based on analyzing customer interactions along three dimensions:
A third problem is that experience ratings are particularly deficient when applied to economies such as New Zealand's where there are many small firms.
Because the fund is required to obtain Federal and (usually) state EINs, the annual limits on FICA taxes, Federal unemployment taxes and state unemployment taxes(18) apparently begin anew with the fund, along with experience ratings for unemployment tax purposes.
Between 1973 and 1976, business conditions were increasingly recessionary, and thus experience ratings should be rising over the years covered in this study.
the leading provider of sentiment and text analytics software implemented by many Global 1000 companies to improve customer experience management (CEM), today announced that of the top 20 firms listed as leaders in 2011 Temkin Experience Ratings report, over 1/3 were utilizing Clarabridge Enterprise as a sentiment and text analytics solution for their customer experience management programs.
The patient experience ratings are based on data from the Hospital Consumer Assessment of Healthcare Providers and Systems Survey (HCAHPS) measures that are included in Hospital Compare.
That put credit unions and USAA in 8th place overall out of 293 companies across 20 industries, according to the 2015 Temkin Experience Ratings.

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