MLchartDataset catalogue

Catastrophe reserves

Term · Insurance and risk management · MLC-T-INS-000712

Funds set aside by insurance companies to cover potential future losses from large, infrequent catastrophic events like hurricanes or earthquakes. These reserves are established to maintain financial stability and solvency in the face of unpredictable, high-severity claims. Regulatory bodies often mandate the establishment and maintenance of such reserves to protect policyholders.

Table 1. Record
IdentifierMLC-T-INS-000712
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000712",
  "term": "Catastrophe reserves",
  "field": "Insurance and risk management",
  "definition": "Funds set aside by insurance companies to cover potential future losses from large, infrequent catastrophic events like hurricanes or earthquakes. These reserves are established to maintain financial stability and solvency in the face of unpredictable, high-severity claims. Regulatory bodies often mandate the establishment and maintenance of such reserves to protect policyholders.",
  "url": "https://mlchart.com/terminology/insurance/catastrophe-reserves/"
}

Record 483 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.