MLchartDataset catalogue

Mediation

Term · Insurance and risk management · MLC-T-INS-002157

A non-binding dispute resolution process where a neutral third party facilitates communication and negotiation between parties to reach a mutually acceptable settlement. In insurance, mediation is often used to resolve claims disputes between policyholders and insurers, or between multiple parties involved in an accident. The mediator does not impose a decision but guides the parties toward their own resolution.

Table 1. Record
IdentifierMLC-T-INS-002157
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002157",
  "term": "Mediation",
  "field": "Insurance and risk management",
  "definition": "A non-binding dispute resolution process where a neutral third party facilitates communication and negotiation between parties to reach a mutually acceptable settlement. In insurance, mediation is often used to resolve claims disputes between policyholders and insurers, or between multiple parties involved in an accident. The mediator does not impose a decision but guides the parties toward their own resolution.",
  "url": "https://mlchart.com/terminology/insurance/mediation/"
}

Record 2,101 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.