Claims Frequency Calculator
Calculate claims frequency rates, pure premium, and loss per exposure unit for actuarial analysis.
Inputs
years
$
Results
Claims Frequency
0.05
Frequency Rate
5 per 100 units
Total Loss
$500,000.00
≈ 12 Teslas
Pure Premium
$500.00
≈ 9 tanks of gas
Annualized Frequency0.05
Loss per Exposure Unit$500.00
How to Use This Calculator
- Enter the number of reported claims for the period.
- Input the earned exposure units (policies, vehicles, or employee-years).
- Review the claims frequency rate per exposure unit.
- Compare against prior periods and industry benchmarks to identify trends.
- Adjusting for exposure changes reveals true underlying frequency movements.
How the result changes with Exposure Units
| Exposure Units | Claims Frequency | Frequency Rate | Total Loss |
|---|---|---|---|
| 401 | 0.1247 | 12.47 per 100 units | $500,000.00 |
| 1,401 | 0.0357 | 3.57 per 100 units | $500,000.00 |
| 2,600 | 0.0192 | 1.92 per 100 units | $500,000.00 |
| 3,600 | 0.0139 | 1.39 per 100 units | $500,000.00 |
What each input means
- Number of Claims
- Total number of claims
- Exposure Units
- Total exposure units (e.g., policy-years)
- Time Period
- Observation period in years
- Average Claim Severity
- Average amount per claim
How this is calculated
Formula
Claims Frequency = Number of Claims / Exposure UnitsWorked example, using the default values
- Identify Input Parameters4 parametersNumber of Claims = 50, Exposure Units = 1000, Time Period = 1, Average Claim Severity = 10000 = 4 input(s) provided
- Calculate Claims FrequencyClaims Frequency0.05 = 0.05
- Calculate Frequency RateFrequency Rate5 = 5
- Calculate Total LossTotal Loss500000 = $500,000
- Calculate Annualized FrequencyAnnualized Frequency0.05 = 0.05
- Calculate Loss per Exposure UnitLoss per Exposure Unit500 = $500
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