Capital

{
  "id": "MLC-T-INS-000668",
  "term": "Capital",
  "field": "Insurance and risk management",
  "definition": "The financial resources held by an insurer to support its operations and meet its obligations to policyholders, even under adverse conditions. This includes assets such as shareholder equity, retained earnings, and certain forms of debt, which act as a cushion against unexpected losses. Regulatory bodies require insurers to maintain a minimum level of capital, often determined by risk-based capital (RBC) formulas that account for the insurer's specific risk profile.",
  "url": "https://mlchart.com/terminology/insurance/capital/"
}