MLchartDataset catalogue

Noninsurance

Term · Insurance and risk management · MLC-T-INS-002341

The practice of not purchasing insurance to cover a particular risk, often because the risk is deemed too small, too large, or uninsurable. This approach to risk management involves retaining the financial consequences of potential losses. It differs from self-insurance, where an entity formally sets aside funds to cover its own losses.

Table 1. Record
IdentifierMLC-T-INS-002341
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002341",
  "term": "Noninsurance",
  "field": "Insurance and risk management",
  "definition": "The practice of not purchasing insurance to cover a particular risk, often because the risk is deemed too small, too large, or uninsurable. This approach to risk management involves retaining the financial consequences of potential losses. It differs from self-insurance, where an entity formally sets aside funds to cover its own losses.",
  "url": "https://mlchart.com/terminology/insurance/noninsurance/"
}

Record 2,316 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.