Indexing, indexation

{
  "id": "MLC-T-INS-001815",
  "term": "Indexing, indexation",
  "field": "Insurance and risk management",
  "definition": "The practice of adjusting financial values, such as insurance premiums, deductibles, or policy benefits, in accordance with changes in a specified economic index. This process accounts for inflation or other economic shifts, preserving the real purchasing power of benefits or the relative burden of deductibles. It is applied to maintain the relevance and adequacy of insurance coverage over extended periods.",
  "url": "https://mlchart.com/terminology/insurance/indexing-indexation/"
}