MLchartDataset catalogue

Losses incurred

Term · Insurance and risk management · MLC-T-INS-002094

The total cost of claims that have occurred over a specific period, regardless of whether they have been paid yet. This figure includes both paid losses and outstanding loss reserves for claims that have been reported but not yet settled. It is a key metric for insurers in assessing underwriting profitability and setting future premiums.

Table 1. Record
IdentifierMLC-T-INS-002094
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002094",
  "term": "Losses incurred",
  "field": "Insurance and risk management",
  "definition": "The total cost of claims that have occurred over a specific period, regardless of whether they have been paid yet. This figure includes both paid losses and outstanding loss reserves for claims that have been reported but not yet settled. It is a key metric for insurers in assessing underwriting profitability and setting future premiums.",
  "url": "https://mlchart.com/terminology/insurance/losses-incurred/"
}

Record 2,052 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.