MLchartDataset catalogue

Assumed risk

Term · Insurance and risk management · MLC-T-INS-000475

A risk that an insurer or reinsurer agrees to cover under a policy or reinsurance treaty. This represents the potential for financial loss that the assuming entity has taken on. The scope of assumed risk is defined by the terms and conditions of the insurance contract.

Table 1. Record
IdentifierMLC-T-INS-000475
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000475",
  "term": "Assumed risk",
  "field": "Insurance and risk management",
  "definition": "A risk that an insurer or reinsurer agrees to cover under a policy or reinsurance treaty. This represents the potential for financial loss that the assuming entity has taken on. The scope of assumed risk is defined by the terms and conditions of the insurance contract.",
  "url": "https://mlchart.com/terminology/insurance/assumed-risk/"
}

Record 226 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.