MLchartDataset catalogue

Financial modeling

Term · Insurance and risk management · MLC-T-INS-001509

The process of creating a mathematical representation of a company's or project's financial performance, often using spreadsheets. These models forecast future financial outcomes based on historical data and assumptions about economic conditions and business operations. In insurance, it is used for pricing products, assessing risk, and evaluating capital adequacy.

Table 1. Record
IdentifierMLC-T-INS-001509
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001509",
  "term": "Financial modeling",
  "field": "Insurance and risk management",
  "definition": "The process of creating a mathematical representation of a company's or project's financial performance, often using spreadsheets. These models forecast future financial outcomes based on historical data and assumptions about economic conditions and business operations. In insurance, it is used for pricing products, assessing risk, and evaluating capital adequacy.",
  "url": "https://mlchart.com/terminology/insurance/financial-modeling/"
}

Record 1,371 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.