Calendar Year Experience

What is ‘Calendar Year Experience’

The underwriting result based on earned premiums and booked incurred losses for the same calendar-year accounting period. This term is used in the insurance industry to signify an insurance company’s “experience” during a calendar year, in terms of the premiums earned and the losses incurred. Losses incurred refer to claims paid out during the year and changes to the loss reserves.

Explaining ‘Calendar Year Experience’

Underwriting can be defined as the process of insuring someone. Insurance underwriters usually assess a client, decide how much coverage the client should receive, how much the clients should pay for the coverage or whether to accept the risk and insure them. Underwriting involves measuring risk exposure and determining the premium that needs to be charged to insure that risk.

Further Reading

  • Calendar anomalies: Abnormal returns at calendar turning points – [PDF]
  • Calendar effects in Chinese stock market – [PDF]
  • The distributional effects of the multi-track year-round calendar: a quantile regression approach – [PDF]
  • Calendar effects in Eastern European financial markets: evidence from the Czech Republic, Slovakia and Slovenia – [PDF]
  • The long-run performance of initial public offerings: The UK experience 1980-1988 – [PDF]
  • Shareholder wealth effects of corporate takeovers: the UK experience 1955–1985 – [PDF]
  • A Proposal: Legal Education in Two Calendar Years – [PDF]
  • Reducing Medicaid churning: extending eligibility for twelve months or to end of calendar year is most effective – [PDF]
  • Construction and validation of calendar-year time scale for annually laminated sediments–an example from Lake Szurpiły (NE Poland) – [PDF]