Which term encompasses factors indicating increased risk, like age and claims history?

The term that best encompasses factors indicating increased risk, such as age and claims history, is risk indicators. Risk indicators are specific characteristics or factors that signify the level of risk associated with an individual or entity. By assessing these indicators, insurers can gauge the likelihood of claims being made and thus determine appropriate premiums and coverage options.

Age, for instance, often correlates with experience and statistical risk levels, while an individual's claims history can reveal patterns of behavior related to risk. Both play a significant role in how insurers assess the potential for future claims and overall financial exposure.

The other terms, while related to the insurance evaluation process, do not specifically refer to these indicators of risk. Exclusions denote specific conditions or circumstances that are not covered by a policy, which doesn't directly address risk assessment. Risk assessments involve the overall evaluation process that incorporates various data, including but not limited to, risk indicators. Underwriting criteria are the broader guidelines used by underwriters to determine an applicant's eligibility and pricing of coverage, yet again, are more comprehensive than just risk indicators themselves.