MLchartDataset catalogue

Consolidation

Term · Insurance and risk management · MLC-T-INS-000911

The process of combining two or more entities, such as insurance companies, into a single new entity. This differs from a merger, where one company absorbs another. Consolidation often occurs to achieve economies of scale, increase market share, or reduce competition within the insurance industry.

Table 1. Record
IdentifierMLC-T-INS-000911
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000911",
  "term": "Consolidation",
  "field": "Insurance and risk management",
  "definition": "The process of combining two or more entities, such as insurance companies, into a single new entity. This differs from a merger, where one company absorbs another. Consolidation often occurs to achieve economies of scale, increase market share, or reduce competition within the insurance industry.",
  "url": "https://mlchart.com/terminology/insurance/consolidation/"
}

Record 709 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.