Glossary term
Loss trend
Loss trend: The rate at which claim costs are rising over time—repairs, vehicle values, medical, litigation. The main driver of base-rate increases.
Where this term matters
Guides and entries on this site that use the term.
Glossary term
Loss trend: The rate at which claim costs are rising over time—repairs, vehicle values, medical, litigation. The main driver of base-rate increases.
Guides and entries on this site that use the term.