Leading
Term · Insurance and risk management · MLC-T-INS-001976
The process by which an insurer or reinsurer takes the primary role in setting the terms, conditions, and pricing for a particular risk or program. The leading insurer's decision often influences other insurers to participate in the coverage. This practice is common in complex or large-scale risks where multiple insurers share the exposure.
| Identifier | MLC-T-INS-001976 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-001976",
"term": "Leading",
"field": "Insurance and risk management",
"definition": "The process by which an insurer or reinsurer takes the primary role in setting the terms, conditions, and pricing for a particular risk or program. The leading insurer's decision often influences other insurers to participate in the coverage. This practice is common in complex or large-scale risks where multiple insurers share the exposure.",
"url": "https://mlchart.com/terminology/insurance/leading/"
}
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