MLchartDataset catalogue

Expense

Term · Insurance and risk management · MLC-T-INS-001400

A cost incurred by an insurer in the process of conducting its business operations, separate from the payment of claims. These costs include administrative overhead, salaries, commissions, marketing, and regulatory compliance fees. Expenses are a key component in calculating an insurer's underwriting profit and setting premium rates.

Table 1. Record
IdentifierMLC-T-INS-001400
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001400",
  "term": "Expense",
  "field": "Insurance and risk management",
  "definition": "A cost incurred by an insurer in the process of conducting its business operations, separate from the payment of claims. These costs include administrative overhead, salaries, commissions, marketing, and regulatory compliance fees. Expenses are a key component in calculating an insurer's underwriting profit and setting premium rates.",
  "url": "https://mlchart.com/terminology/insurance/expense/"
}

Record 1,249 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.