MLchartDataset catalogue

Loss pick

Term · Insurance and risk management · MLC-T-INS-002081

An actuary's estimate of the total incurred losses for a specific period, often a policy year, for a particular line of business. This projection considers historical loss data, exposure changes, and economic factors to forecast future claims. It serves as a basis for pricing insurance products and setting reserves.

Table 1. Record
IdentifierMLC-T-INS-002081
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002081",
  "term": "Loss pick",
  "field": "Insurance and risk management",
  "definition": "An actuary's estimate of the total incurred losses for a specific period, often a policy year, for a particular line of business. This projection considers historical loss data, exposure changes, and economic factors to forecast future claims. It serves as a basis for pricing insurance products and setting reserves.",
  "url": "https://mlchart.com/terminology/insurance/loss-pick/"
}

Record 2,016 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.