This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
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In statistics, relative confidence (statistical reliability) associated with a given body of data (e.g., loss experience for an individual division) and expressed as a number between zero (0%) and 1.0 (100%) with 1.0 representing “full credibility.”

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Approved for 1 Hour of State Reported CE Credit in AR, AZ, CO, DE, FL, GA, IL, IN, KS, MA, NC, NE, NJ, OK, SC, TN, TX, and UT.