MLchartDataset catalogue

Loss adjustment expense (LAE)

Term · Insurance and risk management · MLC-T-INS-002060

The costs incurred by an insurer in the process of investigating, defending, and settling claims. These expenses include fees for adjusters, legal counsel, expert witnesses, and other administrative overhead directly related to claim resolution. Loss adjustment expenses are categorized as either allocated, directly attributable to a specific claim, or unallocated, general claim department costs.

Table 1. Record
IdentifierMLC-T-INS-002060
FieldInsurance and risk management
AbbreviationLAE
Record as JSON 
{
  "id": "MLC-T-INS-002060",
  "term": "Loss adjustment expense (LAE)",
  "field": "Insurance and risk management",
  "definition": "The costs incurred by an insurer in the process of investigating, defending, and settling claims. These expenses include fees for adjusters, legal counsel, expert witnesses, and other administrative overhead directly related to claim resolution. Loss adjustment expenses are categorized as either allocated, directly attributable to a specific claim, or unallocated, general claim department costs.",
  "abbreviation": "LAE",
  "url": "https://mlchart.com/terminology/insurance/loss-adjustment-expense-lae/"
}

Record 1,993 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.