MLchartDataset catalogue

Accumulation

Term · Insurance and risk management · MLC-T-INS-000303

The aggregation of insured values or losses at a single location or arising from a single event, which can lead to a large total loss for an insurer. Underwriters monitor accumulations to manage their exposure to catastrophic events. Reinsurance treaties often include clauses to limit an insurer's exposure to such concentrated risks.

Table 1. Record
IdentifierMLC-T-INS-000303
FieldInsurance and risk management
SubjectCommercial Property
Record as JSON 
{
  "id": "MLC-T-INS-000303",
  "term": "Accumulation",
  "field": "Insurance and risk management",
  "definition": "The aggregation of insured values or losses at a single location or arising from a single event, which can lead to a large total loss for an insurer. Underwriters monitor accumulations to manage their exposure to catastrophic events. Reinsurance treaties often include clauses to limit an insurer's exposure to such concentrated risks.",
  "subject": "Commercial Property",
  "url": "https://mlchart.com/terminology/insurance/accumulation/"
}

Record 33 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.