Definitions for "Claim Frequency"
Keywords:  exposure, injury, per, bodily, divided
The number of claims paid per 100 exposures in the same category.
The number of claims occurring under a given coverage divided by the number of earned exposures for the given coverage. It is usually expressed as the number of claims paid per 100 of such exposures. Example: For auto bodily injury (BI), the frequency of 2.50% means that bodily injury accidents were incurred at the rate of 2-1/2 for every 100 cars insured for BI for one year.
The average number of claims submitted per policy during a given period of time. -CLAIMS EXPERIENCE The number and amount of claims experienced by an insurance company over a defined period.