Complete retention

Term · Insurance and risk management · MLC-T-INS-000868

A risk management strategy where an organization assumes full financial responsibility for all its potential losses, without transferring any portion of that risk to an insurer or reinsurer. This approach is typically adopted for risks that are small, predictable, or for which insurance is unavailable or too costly. It implies that the organization will pay for any losses out of its own funds or reserves.

Table 1. Record
Identifier	MLC-T-INS-000868
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-000868",
  "term": "Complete retention",
  "field": "Insurance and risk management",
  "definition": "A risk management strategy where an organization assumes full financial responsibility for all its potential losses, without transferring any portion of that risk to an insurer or reinsurer. This approach is typically adopted for risks that are small, predictable, or for which insurance is unavailable or too costly. It implies that the organization will pay for any losses out of its own funds or reserves.",
  "url": "https://mlchart.com/terminology/insurance/complete-retention/"
}

Record 662 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.