MLchartDataset catalogue

Allocated loss adjustment expense (ALAE)

Term · Insurance and risk management · MLC-T-INS-000392

Specific expenses incurred by an insurer in the process of investigating, defending, and settling a particular claim. These costs include legal fees, independent adjusters' fees, expert witness costs, and surveillance expenses. ALAE is distinct from unallocated loss adjustment expense, which covers general claims department overhead.

Table 1. Record
IdentifierMLC-T-INS-000392
FieldInsurance and risk management
AbbreviationALAE
Record as JSON 
{
  "id": "MLC-T-INS-000392",
  "term": "Allocated loss adjustment expense (ALAE)",
  "field": "Insurance and risk management",
  "definition": "Specific expenses incurred by an insurer in the process of investigating, defending, and settling a particular claim. These costs include legal fees, independent adjusters' fees, expert witness costs, and surveillance expenses. ALAE is distinct from unallocated loss adjustment expense, which covers general claims department overhead.",
  "abbreviation": "ALAE",
  "url": "https://mlchart.com/terminology/insurance/allocated-loss-adjustment-expense-alae/"
}

Record 124 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.