Net loss

{
  "id": "MLC-T-INS-002299",
  "term": "Net loss",
  "field": "Insurance and risk management",
  "definition": "The total amount of financial loss incurred by an insured or an insurer after accounting for any recoveries, deductibles, or reinsurance. For an insurer, it represents the ultimate cost of claims paid, less any salvage, subrogation, or reinsurance recoveries. This figure is a key indicator of an insurer's underwriting performance.",
  "url": "https://mlchart.com/terminology/insurance/net-loss/"
}