MLchartDataset catalogue

Cost of risk (COR)

Term · Insurance and risk management · MLC-T-INS-000993

The total expense incurred by an organization to manage its risks, encompassing both insurable and uninsurable exposures. This includes insurance premiums, retained losses, risk management department expenses, and the administrative costs of claims. COR is often expressed as a percentage of revenue or assets to benchmark performance.

Table 1. Record
IdentifierMLC-T-INS-000993
FieldInsurance and risk management
AbbreviationCOR
Record as JSON 
{
  "id": "MLC-T-INS-000993",
  "term": "Cost of risk (COR)",
  "field": "Insurance and risk management",
  "definition": "The total expense incurred by an organization to manage its risks, encompassing both insurable and uninsurable exposures. This includes insurance premiums, retained losses, risk management department expenses, and the administrative costs of claims. COR is often expressed as a percentage of revenue or assets to benchmark performance.",
  "abbreviation": "COR",
  "url": "https://mlchart.com/terminology/insurance/cost-of-risk-cor/"
}

Record 793 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.